Ex-Obama Aid Pick: "America Will Go Bankrupt"

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rci2145's picture
Status: Member (Offline)
Joined: Jan 3 2009
Posts: 24
Ex-Obama Aid Pick: "America Will Go Bankrupt"

WASHINGTON (CNN) – Even though he was almost a
member of the new Obama administration, New Hampshire Republican Judd
Gregg Sunday slammed President Obama’s approach to handling the
country’s fiscal outlook.

Watch: Gregg warns of fiscal 'crash'

“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.”


Dogs_In_A_Pile's picture
Status: Martenson Brigade Member (Offline)
Joined: Jan 4 2009
Posts: 2606
Re: Ex-Obama Aid Pick: "America Will Go Bankrupt"

Aaahhhhhhhhhh -

He meant "that" kind of change.

SagerXX's picture
Status: Diamond Member (Offline)
Joined: Feb 11 2009
Posts: 2252
Re: Ex-Obama Aid Pick: "America Will Go Bankrupt"

Ex-Obama Aid Pick: "America Will Go Bankrupt"

Whaddya mean "will go"?  I reckon we're already there!



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