Top Republican on the Senate Budget Committee says

[I AM NOT THAT GUY 5,715]

Sen. Gregg says Obama budget will bankrupt US

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."

http://news.yahoo.com/s/ap/20090322/ap_on_go_co/gregg_budget

[Peikko 1,575]

So, is he saying that it would have been better to allow the current financial system to fail? How 'expensive' would that be to the people of today? Which is the lesser of the two evils? I assume that allowing the financial system to recover is simply a delaying tactic for the inevitable crash that will occur some day when everyone realizes that the notion of everlasting exponential growth is simply unsustainable.

[Niels Bohr 72]

*Removed*

The prospect of goods and services getting expensive doesn't necessarily make the economy bad. I don't think it's going to happen in my opinion since nobody will buy high priced goods anyway. Therefore, the price will come down anyway.

Edited March 22, 2009 by Niels Bohr

[Pooky 3,784]

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..........

He forgot a couple of words .......... "from Godzilla."

[Ban Hammer 13,337]

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..........

He forgot a couple of words .......... "from Godzilla."