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.
I think you are very close to it. I have a feeling it won’t be that easy. lol.
Spot on Gregg.
Firstly, I think that many, many here on FR knew a year ago exactly what was coming down, and said so here. Credibility is adjudged by history.
Yeah, and history requires time to pass. I didn’t say 0baMao was intentionally wrecking the economy until April or May.
Sounds like a plan!
All I'm saying that the kenyan's intentions were well known and predicted here on FR before he was elected.
Well, that is true. As was my original statement.
And they timed it after China slowed the purchase of our debt. I don't think it's a coincidence.
Maybe they can’t stop it.
As I understand, If the house brings articles of impeachment and he is found guilty then that is it. I have never seen that it hinges on violation of some particular law..
Incompetence is sufficient, if the Congress decides to give him the boot
...'coz Obama doesn't dare rebel against the same globalist elite that maneuvered him into office.
Caligula lasted about 4 years before he was done in. Perhaps the Praetorians in America will act. If the one is reelected, they certainly will
Sen. Gregg: Obama Bankrupting Nation, American People Face 'Horrific' Future
would actually read:
Sen. Gregg: Obama policies may lead to Bankruptcy , American People Face 'Horrific' event, if the actual quote were included in the headline. Just another typical journalist 'how can I sell another newspaper' moment. so far we've only spent about $100 billion of the $800+billion non-stimulus, non-jobs producing, pelosi-reid package. Ain't over til the fat lady sings (and I admit the California fat lady is humming).
Why are you criticizing one of the few people telling the truth about the current situation?
The Republicans were a bunch of spectators to a federal budget growth on cruise control. If anything, they functioned as a slight brake for what would have occurred if they had not been in the majority.
Let’s talk truth here: the underlying bankrupting programs are Social Security and Medicare. Sure, all of the other government programs add a component, but the two driving mechanisms are those two.
SS and Medicare ARE on cruise control; it would take active measures to cut them. How would that been possible from 2001 to 2007, when there wasn’t the popular will to do so?
One more thing. Bush instituted a pill benefit that was only a fraction the size of the alternative one that was poised to sail through. Call it too cute by half, but he functioned like a brake on that one. Bottom line, it’s going to take a massive re-education effort to re-program the American people away from socialism. The present mindset is the root of the problem, not RINOism.
Shooot. Didn’t the mrs. use her daughters as examples about being overweight?
Obama should be removed from office immediately. He is illegally holding the office, as he is ineligible to hold it. Each of his actions in office should be reviewed by a special master appointed by the Supreme Court so as to decide whether to leave it stand or strike it.
“Obama and his cronies planned this and this is almost exactly what I expected.”
Many of us knew what Obama and his Soros gangsters were going to do, months before he assumed office. That may give us the cupie doll, but the REAL problem is how to get rid of him before he COMPLETELY destroys our economy. Many FReepers are all giddy that ObamaCare failed, and cap n scam is dead. So what? He is still bankrupting the country if he passes NOTHING!!
It’s true, when you look at how Bayh is screwing his party with the timing and substance of his exit from the Senate, Gregg comes across as a stand-up guy.
No. They're jumping ship and running away. We're on our own.
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