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 MSM is the US version of Pravda circa 1960's.
Willing idiots who will have their day of accountability, and the really is, it is going to suck to be them.
Just when I think my disdain for this Marxist, muslim ba*tard can’t go any deeper, I surprise myself and reach a level of hatred I didn’t know existed in me. God help our GREAT NATION!!
It is starting to appear that this country,like all the other nations that have either had to suffer through tyranny, or are suffering it now, will wait until it is too late. What difference does it make which party controls the government when the nation is in ruins because of this damn tyrant? It is what he wants. He is muslim.
Gold, silver, lead, brass, food, in no particular order.
Thanks for your advice.
Thanks, Jim.
The money's no good.
World debt exceeds realizable asset values. What's going on now is musical chairs, moving the debt around and concealing the fact that most assets are grossly (and fraudulently) overvalued.
This will end, soon.
That’s not a horrific event, thats a homecoming party..
I agree with you, GeronL. The die has been cast. It is now time to prepare for the worst, for it is coming, and sooner than we want.
I have been reading Sarah Palin’s book, “Going Rouge.” We need her fiscal conservatism in the Presidency. We need to impeach Obama and Biden and get them out of the offices that they hold now.
Correct on all counts.
truth bump
Evil Roy Slade video. ‘randolph the accountant’. http://movies.apunkachoice.com/titles/evi/evil-roy-slade/mid_14974/videos/moytid/D1NsNSkt1xU/evil-roy-slade-—randolph-the-accountant.html
The politicians doing the bankrupting face a “horrific future.” We The People will tough it out just fine, without them.
Good for him for at least saying it. I don’t think he is exaggerating at all.
Anyone with any intelligence knew that a year ago.
Quit. That is what Mr. Gregg is going to do. Quit. Not the Jud Gregg I remember...
G-d helps those who help themselves...
Sound advice...
Eh, no. Please. What this country needs is a conservative third party, not a centrist third party. We already have two of these.
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