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Sen. Gregg: Health Bill Would ‘Massively’ Expand Gov’t, Sending U.S. Toward Bankruptcy and ‘Third Class Status’
By PoliJAM | November 15, 2009
Agreeing with his Democratic colleague Sen. Kent Conrad (ND) that “the debt is the threat,” Sen. Judd Gregg (R – NH) said on CNN’s State of the Union that the biggest problem with the Democratic health care proposal is that it will “end up massively expanding the size of government.”
“That’s simply not affordable” and will lead to “an inevitable spiraling of debt,” said Gregg, the top-ranking Republican on the Senate Budget Committee.
Gregg then warned that this massive spending runs the risk that the United States will head “toward third- class status” as the continually increasing federal deficit bankrupts the nation.
Share This“If we continue to add to this debt at the rate we’re adding to it, we’re going to bankrupt our country. We’re headed toward third- class status. I mean, the world is telling us that already, when you look at what’s happening with the dollar and when you look at what the Chinese are saying, when you look at what Moody’s is saying about our bond rating.”
“We’re in serious trouble in this country because we’re just spending too much money and now we’re talking about adding another $1 trillion of spending on top of it, or $3 trillion.”
Topics: Politics | 1 Comment »
November 16th, 2009 at 7:05 am
But wait!!! There’s More!!! The Obama administration will propose that the federal government take over safety regulation of the nation’s subway and light-rail systems, responding to what it says is haphazard and ineffective oversight by state agencies. http://www.washingtonpost.com/wp-dyn/content/article/2009/11/14/AR2009111402459.html?hpid=topnews