SEN. GREGG: OBAMA BUDGET WILL BANKRUPT USA - Mercedes-Benz Forum

 
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post #1 of 6 (permalink) Old 03-22-2009, 10:47 AM Thread Starter
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SEN. GREGG: OBAMA BUDGET WILL BANKRUPT USA



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."

Sen. Gregg says Obama budget will bankrupt US

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post #2 of 6 (permalink) Old 03-22-2009, 10:49 AM
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Another article where Jay unapologetically takes one side over the other. I guess you have given up even the appearance of unbiased understanding?
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post #3 of 6 (permalink) Old 03-22-2009, 10:51 AM Thread Starter
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Resistance grows to Obama's bigger government

WASHINGTON (Reuters) - A public furor over big bonuses paid by firms bailed out with U.S. taxpayer money is fueling resistance to President Barack Obama's ambitious plans to extend government intervention in the U.S. private sector.

Republican opponents say his commitment of huge sums to try to revive the ailing economy is driven by a philosophical belief in greater government intrusion in many areas, from healthcare to education, dubbing it socialism.

Obama is pursuing these policies just 13 years after President Bill Clinton, a fellow Democrat, disarmed Republican opponents by declaring: "The era of big government is over."

As the enormous cost of the Obama's effort to stimulate the economy grows, many are weighing just how far government should be extending its powers.

"We're in the midst of a huge political battle, which is being obscured behind a financial crisis," said Bruce Kogut, professor of ethics and corporate governance at Columbia University. "If the financial crisis wasn't here we'd be having this battle anyway."

"The question I think we need to figure out as a country is what is the proper role of government?" said David Moss, professor of economic history at Harvard Business School.

Regulation of the financial system to contain risk has not been adequate or effective, he said. "So on the financial front we want to try to find a Goldilocks scenario of not too much and not too little."

Obama administration officials have had to fend off accusations they were too easy on the financial industry, after the insurance giant AIG paid out millions of dollars in bonuses after accepting billions of dollars in taxpayer funds.

CHARGES OF SOCIALISM ...

Resistance grows to Obama's bigger government | U.S. | Reuters

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post #4 of 6 (permalink) Old 03-22-2009, 11:27 AM
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shrubco drove this country to all this so quit your moaning and deal with the consequences of dumb and dumber running this country into the ground. thus far, BO is doing a bang up job.



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post #5 of 6 (permalink) Old 03-22-2009, 01:25 PM Thread Starter
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Oh ya! Darn! I forgot again! BUSH DID IT!

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post #6 of 6 (permalink) Old 03-22-2009, 01:35 PM
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Originally Posted by Jayhawk View Post
Oh ya! Darn! I forgot again! BUSH DID IT!
Don't worry, we won't let you forget.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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