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Sen. Gregg: Obama Bankrupting Nation, American People Face 'Horrific' Future
Tuesday, February 16, 2010 | Kristinn

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.


TOPICS: Breaking News; Government; News/Current Events; Politics/Elections; US: New Hampshire
KEYWORDS: 111th; 2010; bho44; bhoeconomy; bhofascism; bhosocialism; bhotyranny; clowardpiven; democrats; economy; gregg; juddgregg; liberalfascism; newhampshire; nh2010; notbreakingnews; obama; socialism
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To: kristinn
Is anybody in Washington willing to stop Obama and his henchmen before they bankrupt the country?

I see a lot of hand waving on the part of people like Gregg and a lot of "We gotta do sumptin!" but no real suggestions on what and where to cut. Maybe since Gregg doesn't have to live with the fallout then he could come up with some?

141 posted on 02/17/2010 5:37:46 AM PST by Non-Sequitur
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To: Tzimisce

Solar powered water heaters are used in home installations universally in Israel without subsidies to my knowledge. It’s just plain cheaper than running a gas, oil or electric water heaters, and Israel has plenty of sun.

When it gets cloudy, you turn on the electric water heater switch. It works.

The fact that the US sponsors solar water heaters in PR to the tune of 500 million of our tax dollars is criminal, however.


142 posted on 02/17/2010 5:38:55 AM PST by beagleone
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To: concerned about politics

You’re right, we are on our own until someone in the political world sees an opportunity to step in. But it will have to be a safe move for them to do it. May have to suck it up for a while. But I do believe that it will happen.


143 posted on 02/17/2010 5:40:29 AM PST by Texas resident (Hunkered Down)
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To: Kackikat

That link doesn’t bring up the ex-pat article.


144 posted on 02/17/2010 5:40:45 AM PST by genetic homophobe
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To: kristinn; All
“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.”

At least he is speaking out. Who else in the Republican Party is?

145 posted on 02/17/2010 5:42:11 AM PST by McGruff (Don't criticize. Explain to me who I should support other than Sarah Palin.)
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To: mojitojoe

“That’s why Bayh and others are bailing out. They want to avoid being tarred and feathered when the STHF.”

100% in agreement with you!
The danger for these guys is that in or out of Congress people will remember who they are... Will they lose their safe haven (where ever that is) for themselves and their family if they are no longer in Congress?


146 posted on 02/17/2010 5:43:23 AM PST by texteacher
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To: Uncle Chip

The June 27, 2004 Kenyan Standard Times....http://web.archive.org/web/20040627142700/eastandard.net/headlines/news26060403.htm... I don’t understand how this type of coverup can happen.....It drives me crazy if I really focus on how insane this is.....The man acknowledged HIMSELF that he was born in Kenya......


147 posted on 02/17/2010 5:44:54 AM PST by 3722535r
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To: Steely Tom

“Isn’t Gregg a RINO’s RINO?”

Short answer: No. He’s probably the biggest deficit hawk on Capitol Hill, hardly an attribute of a RINO.


148 posted on 02/17/2010 5:52:56 AM PST by moose2004 (Stand up, speak out and stop Obamacare and GE)
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To: Psycho_Bunny

Question: Why are these radical Democrats flooding the world with trillions of printing press dollars?


149 posted on 02/17/2010 6:02:35 AM PST by ripley
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To: Red in Blue PA
Why are you criticizing one of the few people telling the truth about the current situation?

I asked a question. It was an honest question. I'm not from New Hampshire. I'm sorry that offended you. I've seen Gregg criticized many times here.

Last time I checked, there were lots of Republicans questioning the wisdom of borrowing our way to oblivion. Many of them are right here in this forum. Obama's approval numbers are well below 50% and falling. If even 10% of those who disapprove of him do so as a result of concerns about massive borrowing for his stimulus slush fund, that would be millions of people, not "a few."

150 posted on 02/17/2010 6:07:18 AM PST by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: 3722535r

The admission from Obama of his birth in Kenya was in the fall of 2004 when Alan Keyes faulted him for not being a “Natural Born Citizen” to which Obama quickly retorted, “So what?, I am running for Illinois Senator, NOT the presidency”......


151 posted on 02/17/2010 6:07:55 AM PST by 3722535r
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To: kristinn

Kristinn,
I heard Gregg over the weekend saying that he has put on the table. MANDATORY purchase of Health Insurance. Like auto ins.
I find it interesting if he seems to have suddenly gained sanity after such comments.


152 posted on 02/17/2010 6:15:57 AM PST by Marty62 (former Marty60)
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To: az.b1bbomberfxr
Can you direct me to the Scriptural context that supports that statement...NO, YOU CAN'T, BECAUSE IT IS NOT FOUND IN THE BIBLE!!!

No, that may not be found, but this is . . . .

For even when we were with you, we gave you this rule: "If a man will not work, he shall not eat."

2 Thessalonians 3:10

Therefore, all welfare, or unemployment benefits that goes to those who sit around waiting for their gubmint check or debit card is not Scriptural. Gubmint welfare and unemployment benefits subsudizes sloth. Cut off their gubmint check and these lazy bums will find work real quick, maybe some of that work "Americans won't do", eh?

153 posted on 02/17/2010 6:16:58 AM PST by Conservative_Rob
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To: kristinn

The only ones that can stop this Ahole is the US Congress. We have to take back the Congress and slam the door on his spending. That is what it will take and then in 2 years put in SOMEONE who knows what the heck they are doing!! Dang, now I have really put us on the spot. Who up there KNOWS what they are doing???


154 posted on 02/17/2010 6:27:36 AM PST by RetiredArmy (Stay armed. Buy bullets. Buy guns. Protect yourself - the government isn't.)
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To: Miss Didi

Depending on how serious you think things are, there is lot’s of good advice at this site, with a section for beginning preppers:
(JW Rawles who runs the site also wrote a good novel “Patriots”)

http://www.survivalblog.com/newbies.html


155 posted on 02/17/2010 6:36:21 AM PST by dynachrome (Barack Hussein Obama yunikku khinaaziir!)
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To: Frantzie

Quite a few in the media are becoming increasing critical of Nobama.


156 posted on 02/17/2010 6:39:18 AM PST by ilovesarah2012
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To: kristinn
Yet for all his incompetence, Obama is slick enough to decry the coming trainwreck...
"It keeps me awake at night, looking at all that red ink," said President Obama in Nashua, N.H., on Feb. 2. "Most of it is structural and we inherited it. The only way that we are going to fix it is if both parties come together and start making some tough decisions about our long-term priorities." Source

As always, he is doing one thing and saying something else entirely.

No he didn't inherit this new spending. And it is going to be structural because he is making it so.

157 posted on 02/17/2010 6:39:26 AM PST by SonOfDarkSkies (Luke 12:34 -- For where your treasure is, there will your heart be also.)
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To: kristinn
What is Judd Gregg willing to do to save the Nation?

Talk, just talk.

158 posted on 02/17/2010 6:58:53 AM PST by dearolddad
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To: Uncle Chip
Obama needs to be removed from office, he has clearly committed high crimes and misdemeanors. Laws governing the ability to vote need to reinstated, such as owning property being a prerequisite and new laws be enacted that if you are on government assistance that includes medicaid, welfare, AFDC, etc. you are not allowed to vote. Senators will be appointed by state legislatures. We need term limits, get off our fiat currency, repeal most onerous environmental laws, institute the FAIR tax and get rid of the IRS. Good first steps down the road, phase out Soc Sec, Medicare and all entitlements.
159 posted on 02/17/2010 7:01:25 AM PST by pburgh01
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To: matthew fuller
“...We really are hurting because of the death of the old-style newspapers...”

I share your sentiment when I think of great newspapers like the Chattanooga Free Press but for every one of those there were five leftest Nashville Tennesseans.

I think the problem is not the medium but the very idea of civic responsibility keeps diminishing. Remember that ending of THE UGLY AMERICAN where Marlin Brando is explaining the situation and then it shows John Q. Public turning off his TV. As the conspirator says in A CLOCKWORK ORANGE the common citizens will sell liberty for a quieter life so they must be "prodded".

160 posted on 02/17/2010 7:26:41 AM PST by Monterrosa-24 (...even more American than a French bikini and a Russian AK-47.)
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