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Gingrich: Austerity Is Wrong For America, We Need Pro-Growth Policies Instead

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Newscom

His comments are remarkable in that they appear to contradict the core economic belief of the modern Republican Party that Gingrich hopes to lead. In this era of high deficits, austerity is routinely heralded by conservatives and GOP lawmakers as the path to economic prosperity, and the party was successful last year in keeping the issue atop the 2011 legislative agenda.

Gingrich's belief seems to gibe more closely with the basic liberal argument that in a troubled economy, austerity measures are counterproductive to recovery.

The former House Speaker did not elaborate. He made the comments the morning after he was easily defeated by Mitt Romney in the Nevada caucuses.