The Republican Win on the Debt Ceiling

by Newt Gingrich

The agreement reached Saturday night between Speaker Kevin McCarthy and President Joe Biden is an historic first step toward shifting government back toward common sense and conservatism. 

It is a step toward creating a smaller government, lower taxes, less regulation, economic growth, prosperity, and more take home pay. All of this will also strengthen Social Security and Medicare.

I emphasize it’s a first step because that is what I lived through in 1995 in our first year as a Republican House majority (the first in 40 years). Step by step, we got budget changes, moved from welfare to work, cut taxes, and reduced bureaucratic regulatory overkill. We launched a generation of prosperity built upon the foundations that President Ronald Reagan created in the 1980s.


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