He calls this a "balanced" approach to deficit cutting, but his fiscal cliff bill in January was all tax increases and no spending cuts.

WSJ: Review & Outlook: Obamageddon

Proposals from the GOP have achieved limited success, as support for cutting income taxes is balanced by opposition even within the Republican Party to making up for lost revenue by broadening the sales tax and eliminating exemptions.

WSJ: Minnesota Moves to Raise Revenue as Tax Cuts Stay Popular Elsewhere

What the details of that look like, again, I don't want to negotiate, but what is not possible is a significant deal that does not -- is not achieved in a balanced way -- which includes cutting spending from non-defense discretionary, from defense, from health care entitlement programs, and from the tax code.

WHITEHOUSE: Press Briefing

By slashing spending, he balanced the province's budget while cutting taxes.

ECONOMIST: Alberta's premier outstays his welcome

Those Republican Congressional majorities then balanced the budget the supply side way, cutting tax rates, on investment, and cutting spending.

FORBES: Mitt Romney's RINO Austerity Economics Make Him Least Electable

As governor of Florida, I balanced the state budget for eight years in a row while cutting taxes every year.

WSJ: Jeb Bush: The Road to Republican Revival

Harshly criticized in recent weeks by some in his own party over his suggestions to separate GOP-backed tax-cut proposals from an overall balanced budget agreement, Gingrich sought to bolster his tax-cutting credentials.

CNN: GOPAC Greets Gingrich Warmly

And, since they did not have vast deficits to swallow up the early windfalls of the boom (all but Vermont have balanced-budget requirements), the governors have been pulling off an impressive feat for years: cutting taxes while increasing both spending and surpluses.

ECONOMIST: A praline kind of party