Judd Gregg tells it like it is. We are headed for BK under Obama’s budget

Its becoming clearer by the day why Judd Gregg withdrew from Hussein Obama’s nomination of Commence Secretary. As if its not bad enough with Hussein Obama and the rest of the liberals on Capital Hill trying to hijack the 2010 census. Gregg does try and defending Timmy, despite after having basically called him a liar just last week.

“Your listeners have to understand how staggering the numbers are. We’re talking about a deficit in the trillion-dollar range for as far as the eye can see. We’re talking about deficits which are 4% to 5% of GDP – which is not sustainable under any form of government. We’re talking about a public debt – this is a debt that people own of the federal government – that will be around 80% of GDP. Historically, it’s been around 40% of GDP in the out years. The practical implication of this is bankruptcy for the United States. There’s no other way around it.”

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March 22, 2009 · Filed Under Barack HUSSEIN Obama


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