Posts Tagged ‘Kevin McCarthy’

Newt Gingrich is a conservative visionary.

Democrats controlled the House of Representatives for 40 consecutive years. Mr. Gingrich came up with a campaign idea called the Contract with America which would empower voters.

Voters liked it and put Republicans in control of the House for a dozen years beginning in 1994.

Gingrich and his fellow Republicans produced remarkable results by reducing government spending and balancing the budget. As you can see in the chart above, federal spending as a percentage of GDP began to plummet when Gingrich became speaker. It began to climb again when he resigned from the Speakership in 1998.