Senator Judd Gregg on Obama's Budget

Here is what Senator Judd Gregg had to say in yesterday's Washington Post about Obama's budget:

"The budget the Obama administration has presented to the American people is a new type of budget: it expands our government in unprecedented ways and presents the largest tax increase in history. It raises total spending to $3.9 trillion in 2009, or 28 percent of gross domestic product, the highest level as a share of GDP since World War II.

In the next five years, the debt will double, and in 10 years, it will triple. This budget creates more debt than under every president from George Washington to George W. Bush combined … the Obama administration’s proposal is not a budget that the rest of America would recognize as a document for living within one’s means. It simply spends too much, taxes too much and borrows too much. It is a game plan for an explosive expansion of the size and intrusiveness of the national government based on a belief that bureaucrats can more effectively manage large segments of our economy and our daily lives than the private sector or the individual."

And here is what he told Secretary Treasurer Tim Geithner in Congress yesterday about the budget:

“This budget, as it’s presently constructed, pass[es] on to our children a nation which they will not be able to afford. … I think we’re putting at risk not only our children’s future, we’re clearly putting at risk the value of a dollar and our ability to sell debt.”