Sen. Judd Gregg (R-NH) ripped the Democrats’ budget proposal on Fox News this morning, calling it “worse than ugly,” and suggesting that the United States is on a path to Greece-like fiscal catastrophe.
“It’s worse than ugly,” Gregg said. “It’s disastrous.”
There’s absolutely no fiscal discipline in this budget at all. I mean, it’s just an outrage for anybody to represent that it has any fiscal discipline. There’s no restraint. The entire cut in this budget is $4 billion — $4 billion dollars, on a budget that’s $3 trillion next year. It’s just absurd. This Congress is on a spending binge.
Gregg then suggested that rising public debt “basically means we’ll be like Greece.”
“I mean, we’re on this path,” he continued. “There’s no way off this path unless you control the rate of growth of spending.”
