Bankruptcy You Can Believe In … Judd Gregg Warns Obama’s Handing of Economy will Bankrupt United States
Obama Bankruptcy You Can Believe In
New Hampshire Senator and the one time Barack Obama Commerce Secretary nominee, Judd Gregg slammed President Obama’s approach to handling the country’ s fiscal outlook … “This Country will go BANKRUPT”.
“The practical implications of this is bankruptcy for the United States,” Gregg said of the Obama’s administration’s recently released budget blueprint. “There’s no other way around it. If we maintain the proposals that are in this budget over the ten-year period that this budget covers, this country will go bankrupt. People will not buy our debt, our dollar will become devalued. It is a very severe situation.”
Gregg, known as one of the keenest fiscal minds on Capitol Hill, also told CNN Chief National Correspondent John King that he thought it was “almost unconscionable” for the White House to continue with its planned course on fiscal matters with unprecedented actual and projected budget deficits in the coming years.
“It is as if you were flying an airplane and the gas light came on and it said ‘you 15 minutes of gas left’ and the pilot said ‘we’re not going to worry about that, we’re going to fly for another two hours.’ Well, the plane crashes and our country will crash and we’ll pass on to our kids a country that’s not affordable.”
HOPE … CHANGE … BANKRUPTCY, need we say more?
Blue Crab Boulevard seems to agree that Obama and the Democrats are spending like drunken sailors. BCB states that Obama’s “stimulus bill” that to date, has “saved” – for a year – 25 jobs so far. However, I would almost say that Obama’s handling of the economy as prevented jobs like that at the Treasury Department where no one wants to associate themselves.
As Hot Air states, when he said he’d be a bad fit for Team Barry, he wasn’t kidding.
From The Gateway Pundit, it’s Deja vu all over again as he points out that NH Senator Judd Gregg made a similar statement last month regarding Obama’s handling of the economy. We will give this to Senator Gregg, he is consistent with his message and correct.