(CNN) - The statement: "I balanced the budget for four straight years, paid off $405 billion in debt, pretty conservative." Newt Gingrich, during Thursday night's Republican candidates' debate in Sioux City, Iowa.
The facts: Newt Gingrich served as speaker of the House from January 4, 1995 to January 3, 1999. According to the non-partisan Congressional Budget Office, the nation ran a deficit in 1995 (-$164 billion), 1996 (-$107.4 billion) and 1997 (-$21.9 billion). It ran a surplus in 1998 ($69.3 billion) and 1999 ($125.6 billion).FULL STORY