BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com
In 1995, at Xerox Document University, Newt Gingrich and John Kasich convinced the revolutionary class of 1994 and reluctant old-timers to work together to produce the first balanced budget in a generation.
Kasich’s budget included a pro-growth tax reform agenda and some painful cuts to some entitlement programs, chiefly Medicare and Medicaid.
Republicans passed that first balanced budget, and through some luck and some unforeseen economic growth, the budget magically balanced three years later. Continue reading