Posted on 02/16/2010 6:43:52 PM PST by kristinn
Using his strongest language to date, Sen. Judd Gregg (R-NH) continued to sound the alarm about the dangers Barack Obama's budget policies pose to the fate of the nation in a speech given today to the New England Council in Bedford, New Hampshire.
The Ranking Member on the Senate Budget Committee has been speaking out in very stark terms about the effects Obama's trillion dollar deficits and out of this world spending will have on the near and long term future of the American people.
The Union Leader quoted Gregg as saying Obama's fiscal policies will lead to bankruptcy for the nation.
Gregg took aim at the President's $3.83 trillion proposed budget, which the Senator claimed would lead to economic disaster.
"We are right now, unquestionably, on a financial course which is unsustainable, which If we continue on this course, will lead our nation into some level of fiscal bankruptcy."
The AP quoted Gregg as saying Obama's policies will likely cause a "horrific event."
"The threat is that five to seven years from now we're going to have to substantively devalue the dollar, creating an inflationary event which would be a horrific event for the American people ... or alternatively, we will have to raise taxes so dramatically to catch our tail here on the spending side that we will basically crush productivity."
Gregg used slightly less alarmist language when he wrote in Investors Business Daily in June 2009 of his concerns about the ruinous debt Obama was planning for the nation.
Right now we are on a perilous and unsustainable fiscal course, which, if left unchecked, will lead to some disastrous results — devaluation of the dollar, massive inflation and a confiscatory tax rate on our children that will destroy any hope for the same economic opportunities and lifestyle that we have enjoyed.
Gregg's proposal for a bi-partisan Congressional committee on debt reduction was recently waylaid by partisan brinksmanship.
Gregg is retiring at the end of the 111th Congress after serving three terms as senator.
The people who elected this idiot POTUS need to suffer for their stupidity or their malicious actions...Fire their *sses. Make them wards of the communist state...
How about a helicopter from the roof!
And this idiot was very close to working for Obama until the public outrage he decided not to piss off his constituents. see how RINOs work. this Gregg idiot was so out of touch he couldn’t see the failure that Obama was even back then?
First, I don’t think anyone could have said, with any credibility, that 0baMao was bankrupting the country one year ago. Secondly, Judd is the only one saying it now so he has my thanks for that much.
Quit, apparently. < /sarc >
It really makes me wonder what turned Gregg from cabinet appointee to doomsayer in just a year. Was it Obama's master plan to crash the economy and blame a Republican for it?
Did somebody inside the administration give away the plan in a moment of candor and that's why Gregg turned it down?
I don't understand why Sen. Gregg feels compelled to walk away when it seems clear he is in an important place to run for re-election and steer the ship of state away from this pending disaster.
Sorry, dude! I was quoting Benjamin Franklin. Not Holy Scripture. What’s your point???
Secondly, Einstein II, the correct phrase is Scriptural text. The phrase is NOT Scriptural text...
I really wish he weren't retiring. We need his voice right now.
We need some STRONG new conservatives elected this year to hopefully stop Obama’s policies. And I hope they are FIGHTERS.
So sad but true! We really are hurting because of the death of the old-style newspapers, who really did perform a valuable civic duty by holding the politicians' feet to the fire. (sometimes.)
Tell you what, tho - the Repubs, newly revitalized by a strong infusion of Conservative energy (and bodies), thanks to the Tea Party movement, take both houses big time in November.
But you're right - it's too late.
The general collapse strains the social fabric to the ripping point, engendering a civil war/revolution, one that features large numbers of armed forces on the side of Light (that's us, in case you were wondering).
This government falls, as it never has before in the history of the Republic. Chaos looms.
But this is America. We know nothing else. Democracy and freedom, it seems, really is our birthright.
A reconstituted United States of America begins to emerge from the ashes, a nation saddened, but wiser, because of the experience.
But there is the problem of that crushing debt.
The former government, operating under the fiction it actually represented it's collective constituencies, laid this debt out for their benefit, not hardly ours.
Still, we're an honorable nation of honorable men, and ways are sought to live up to the commitments these selfish men made.
But we're human, too, and these things have their limits. We come to the realization that we cannot meet and honor these commitments, and therefore the vast majority of the debt is repudiated.
Well, since our little social disagreement occurred, things elsewhere, it seems, have gone to the dogs. Everyone has problems - big problems.
What effect does repudiation have on the global scheme of things? It's not good, of course, and lots of nations join us in writing down their debt, as well.
Global trade immediately takes up residence in the toilet, where it will sit for the next 35 - 40 years, anyway.
But for most, global trade is not the most important course on everyone’s plate. Lots of nations turn inward, trying to fix the bogus machinery of state they've been left with as a result of post-war, post-industrial, post-modern rise and influence of Keynesian, socialist and communist economic theory that never should have left the halls of academia.
It will take a long time to fix, and it's almost certain that your kids and grandkids will live their lives under the ancient Chinese curse of “living in interesting times”.
Of course, it's entirely possible that another scenario could emerge in the wake of this impending catastrophe, but it's late, and I really have no desire to explore those.
CA....
Ask him to resign, for the good of the Nation.
Impeachment is an impossibility right now.
Make some news.
Well.......that’s it..........we are doomed what the hell is there to live for. Day in and day out, it’s all the same; we’re faced with a horrific, horrible, terrible, miserable, hyperinflationary, future.
Why hasn’t some of our brilliant legal scholars stepped forward and started the process of at least charging these people with Treason? Treason is clearly addressed in the Constitution but the charges have to filed.
What are we going to have to do? Stampede the Capitol and drag them out physically? /rant off
I would suggest acquiring a few guns, as well as a large amount of ammunition for them, and then learning how to use them well. Think about stocking up on freeze-dried food in #10 cans. It will get very ugly.
Thanks for that nightmare vision I’m taking to sleep with me now.
Sigh.
I think that the only way out of this deliberate destruction of the USA is to clean out the Executive Office.
YES-THERE IS AT LEAST ONE: BILL O'REILLY ON FOX NEWS!
That would be my idea of a "blessed event".
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