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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: TribalPrincess2U

The TV media would protect Obama including all the usual scum like ABC, CBS, CNN, NBC/MSNBC/CNBC plus Saudi/Fox News.

The public is controlled by the TV.


21 posted on 02/16/2010 6:58:48 PM PST by Frantzie (TV - sending Americans towards Islamic serfdom - Cancel TV service NOW)
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To: kristinn

I think its already too late.

I think a Great Fall is going to happen no matter who controls the Congress next year.


22 posted on 02/16/2010 7:00:31 PM PST by GeronL (Dignity is earned from yourself. Respect is earned from others.)
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To: Steely Tom

Judd Gregg is from New Hampshire, folks - for the moment he is the only Republican in that states congressional delegation. Gregg is a very good senator for the northeast - in order to get elected and stay elected in the northeast you can’t be Jim DeMint or Tom Coburn. Sorry, that’s just the way it goes.

Gregg is an outstanding fiscal conservative.

Anyone who lumps him in with Graham or McCain just isn’t thinking.

Anyone know what Gregg is up to next?


23 posted on 02/16/2010 7:01:02 PM PST by lowtaxsmallgov (This Administration has absolutely no idea how to grow an economy)
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To: kristinn
Gregg is slow. he almost went to work for Obama when we already knew what he is speaking now.
24 posted on 02/16/2010 7:02:41 PM PST by TornadoAlley3 (Obama is everything Oklahoma is not.)
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To: kristinn
Photobucket Photobucket Photobucket

How bad is it? A bunch of North Eastern RINOs think you've spent too much!
25 posted on 02/16/2010 7:04:23 PM PST by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: Kackikat
The object of the obama admin. is obvious, as you say, total financial ruin. It is intentional.

I believe the obama/soros goal is one world marxist government built on the ashes of the USA.

This nation is all that is stopping the global government. We are the last great hope for world freedom.

Can anyone stop the marxists? They are fully in the drivers seat.

26 posted on 02/16/2010 7:06:28 PM PST by exnavy (May the Lord grant our troops protection and endurance.)
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To: kristinn

hussein on jihad. ‘Think he cares about anything? His family? Do any sucidal jihadis?


27 posted on 02/16/2010 7:06:42 PM PST by windcliff
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To: kristinn

...another question is ..IS ANYBODY keeping record of where all this money is going? I want accountability!!. The American tax payer demands it


28 posted on 02/16/2010 7:08:23 PM PST by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)
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To: GeronL
I think its already too late.

I think a Great Fall is going to happen no matter who controls the Congress next year.


So do I.

This reminds of the banking crisis.

A lot of people knew that there was a problem with the banks but most people just hoped it would work itself out and go away. It didn't. And this problem won't go away either. Its going to explode.
29 posted on 02/16/2010 7:08:24 PM PST by Ticonderoga34 (Free Obama's Birth Certificate!)
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To: kristinn

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


30 posted on 02/16/2010 7:10:18 PM PST by mojitojoe (“Medicine is the keystone of the arch of socialism.” - Vladimir Lenin)
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To: kristinn

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


31 posted on 02/16/2010 7:10:43 PM PST by mojitojoe (“Medicine is the keystone of the arch of socialism.” - Vladimir Lenin)
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To: Steely Tom

No, not really.


32 posted on 02/16/2010 7:11:09 PM PST by St. Louis Conservative
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To: exnavy

We may delay it, but we can’t stop it! The antichrist will eventually force the mark upon the world. The story has already been written.


33 posted on 02/16/2010 7:11:38 PM PST by evangmlw
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To: Psycho_Bunny; All

I agree. Gregg thinks using TARP as a slush fund is unconstitutional and illegal. He’s right. http://www.freerepublic.com/focus/f-news/2443906/posts


34 posted on 02/16/2010 7:12:30 PM PST by raptor22 (The truth will set us free)
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To: Ticonderoga34

I need to ask a silly question...what do we do to prepare for this explosion?


35 posted on 02/16/2010 7:13:26 PM PST by Miss Didi ("After all...tomorrow is another day." Scarlett O'Hara, Gone with the Wind)
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Comment #36 Removed by Moderator

To: television is just wrong
" When did he figure this out."

Maybe when they got a hint that their Senate seats and Congressional seats were in trouble this coming November.
37 posted on 02/16/2010 7:13:46 PM PST by American Constitutionalist (There is no civility in the way the Communist/Marxist want to destroy the USA)
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To: Steely Tom

Isn’t Gregg a RINO’s RINO?
________________________________

RINO’s can speak the truth....sometimes.


38 posted on 02/16/2010 7:14:44 PM PST by unkus
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To: kristinn
There's one way to bring the USA back: bring back the US$15 TRILLION in American-owned liquid assets now sitting in offshore financial centers or participating in the underground economy, all done as a means of income tax avoidance. Get rid of our economy-sapping income tax system and replace it with FairTax (H.R. 25/S. 296) and most of that US$15 trillion returns to the US financial system, essentially the world's largest "private bailout." That much repatriated liquidity returning to the USA and the end of income taxation will immediately ignite the US economy to unprecedented heights of prosperity as millions of now outsourced jobs return to the USA and new jobs appear as foreign companies expand US operations.
39 posted on 02/16/2010 7:16:40 PM PST by RayChuang88 (FairTax: America's economic cure)
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To: exnavy

My memory is shot so I can’t remember the source or where I read it, but some muzzie was talking to an American discussing the state of the world, and the talk came around to the Jihad against America. The muzzie said it has already been won. Looking at developments of late, I can see his point.


40 posted on 02/16/2010 7:18:09 PM PST by kiltie65
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