The New Bogeyman !

[Foolardi]

The recession of 2001 started in March and ended in November.

The next recession started in Dec of 2007 and ended in June of 2009

Did not New Speaker Newt Gingrich and his New Republican Majority
{ Yes,even Joe Scarborough } manage to twist Slick Willy's
arm into signing The 1997-98 Balanced Budget act.
Allowing for the creation of 4 consecutive Balanced Budgets.