Gregg Slams Obama Budget
April 30, 2009 by Tom
Filed under News & Politics
Not long after Senate Democrats passed President Barack Obama’s $3.4 trillion federal budget – over a trillion of which will be paid for by further borrowing – New Hampshire’s Senior Senator, and Ranking Member of the Senate Budget Committee, Judd Gregg criticized the Democratic majority for choosing to “dramatically grow the government at the expense of future generations.”
The Senate adopted the budget by a vote of 53-43, four Democrats, including the party’s newest member Arlen Specter of Pennsylvania, voted no. Earlier in the day the House of Representatives supported the legislation 233-193 with 17 Democrats dissenting. Not a single Republican in either chamber supported the budget.
Gregg critiqued the President’s budget saying:
Despite the majority’s insistence that this bloated budget is the answer to all of our problems, several facts are irrefutable: working Americans will be hit hard with higher taxes and more debt. Owners of small businesses, which are the engines of economic growth, will be taxed at a much higher rate under the backwards theory that the government can better generate prosperity.
Gregg became one of the most vocal critics of the President’s budget earlier this month when he told CNN’s John King that Obama’s fiscal policies would “bankrupt the nation” and would “pass on to our kids a country that’s not affordable.”
He continued that sentiment today, questioning:
The spending is so reckless that even with much higher taxes, we are on an extremely dangerous fiscal path. This budget will double and eventually triple the public debt, driving it up to 75% of GDP. How does a nation get out from underneath that? Are we no longer capable of disciplining ourselves and governing in a responsible manner, and where does it leave our children?
