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Monday, October 19, 2009
Senator Gregg is described as "a leading fiscal mind on Capitol Hill and a one-time Obama Cabinet pick", so he's no volcanic partisan. Speaking of the projected $1.42 trillion US Operating deficit for 2009 alone, Sen. Gregg:
“This deficit is driven by us,” [Congress of the United States,] “that we’re creating these massive debts which we’re passing on to our children. We’re going to undermine fundamentally the quality of life for our children by doing this.”
“Now you can’t blame that on George Bush,”
[The figures] “mean we’re basically on the path to a banana-republic-type of financial situation in this country. And you just can’t do that. You can’t keep running these [federal] programs out [into the future] and not paying for them. And you can’t keep throwing debt on top of debt.”
“Standards of living will drop if we keep this up,”
[Health care options mean] “a huge expansion of government.”
“You’re talking about taking the government and increasing it by $1-$2 trillion over the next ten years,”Fiscal conservatism. Sort of a rare thing to hear in the U.S. Senate, and never dared spoken by Democrats.
Listen to Judd Gregg speak with Fred Thompson.
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