Sunday, March 22, 2009

VIDEO: Sen. Gregg On Obama Budget 'This country will go bankrupt'

Senator Judd Gregg said last week that the numbers the Obama Administration is using for its Budget are a lie.

Today, the one time Commerce Secretary Nominee who rightfully withdrew over "irresolvable conflicts", said of Obama's budget, "This country will go bankrupt."

WASHINGTON – The top Republican on the Senate Budget Committee says the Obama administration is on the right course to save the nation's financial system.

But Sen. Judd Gregg of New Hampshire also says President Barack Obama's massive budget proposal will bankrupt the country.

Gregg says he has no regrets in withdrawing his nomination to become commerce secretary. He pulled out after deciding he could not fully back the administration's economic policies.

The senator said Obama's spending plan in the midst of a prolonged recession would leave the next generation with a country too expensive to live in.

Gregg appeared Sunday on CNN's "State of the Union."

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