Didn't he learn anything from the rampaging stimulus bill writing chimp?
Posted on 03/23/2009 4:40:01 PM PDT by Danae
Sen. Gregg Criticizes 'Banana Republic' Budget Proposal
The ranking Republican on the Senate Budget Committee warned on Monday that President Obama's budget proposal will lead to unsustainable debt levels and send the country on a fiscal path resembling that of a "banana republic."
Sen. Judd Gregg, R-N.H., and Senate Minority Leader Mitch McConnell, R-Ky., offered a grim assessment of the $3.6 trillion proposal following a report over the weekend that found the budget plan would produce $9.3 trillion in deficits over the next decade.
"The president's budget spends too much, taxes too much, and borrows too much. ... I don't think I've witnessed this level of unease about a budget certainly in the time that I've been here," McConnell said, calling the plan a "tough sell" for centrist Democrats.
"We can't afford this," Gregg said.
He called the deficit estimates attached to the budget plan "staggering," and he warned that such deficits would trigger a national debt that amounts to "running your country into the ground."
(Excerpt) Read more at foxnews.com ...
And what did the Kenyan finance minister say ... Follow Zimbabwe.
“White House spokesman Robert Gibbs said Friday that the new projections won’t stop Obama from achieving his goals or keeping his promise to cut the country’s red ink in half within four years. “ _
The only way THAT can be done given the current spending Congress is doing, is a STAGGERINGLY high rate of taxation on everyone. Cause they are not going to be doing with tax CUTS, that much I can assure you!
http://www.freerepublic.com/focus/f-news/2212019/posts
“They’re doing the right things,” Gregg said about embattled Treasury Secretary Timothy Geithner and White House economic adviser Larry Summers. “They haven’t done it as definitely as they should have . . . but they are moving in the right direction and the Fed is moving in the right direction,” Gregg said on CNN’s State of the Union.
Banana Republic?
Awaiting inane charges of racism.
Don’t back down or apologize, Senator Gregg.
He seems to have rather solidly changed his mind. Wonder if he left the opportunity to work for Obama because he could already see the handwriting on the wall and could not bring himself to be a part of it?
Is everyone (politicians) talking out of both sides of their mouths?
Is this the same gas bag who said that everything was going well, except that we were going bankrupt?
No wonder he couldn’t be a part of Obama’s administration. He must have seen a lot of this coming and didn’t want to be tainted.
“Solidly changed his mind?”
THAT WAS SAID YESTERDAY!!!!!!!!!!!!
“Didn’t he learn anything from the rampaging stimulus bill writing chimp?”
No, the chimp was too busy preparing the teleprompter.
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