March 28th, 2009
12:34 PM ET
5 years ago

Sen. Gregg slams Obama’s budget

Sen. Judd Gregg says Obama's budget is excessive.
Sen. Judd Gregg says Obama's budget is excessive.

(CNN) - Sen. Judd Gregg said the proposals in President Obama’s budget “represent an extraordinary move of our government to the left.”

“It is our opinion that this plan spends too much, taxes too much and borrows too much,” said Gregg, R-New Hampshire, in the weekly Republican address.

“The president to his credit is not trying to hide this; in fact he is very forthright in stating that he believes that by greatly expanding the spending, the taxing and the borrowing of our government, this will lead us to prosperity,” he said.

Gregg said he believes the way to run a sound government is by “working on limiting the growth of government” in a manner that is sustainable.

Gregg said he appreciates the president’s efforts but was concerned about where they would take the country.

“Our nation has an exceptional history of one generation passing on to the next generation a more prosperous and stronger country, but that tradition is being put at risk,” he said.

Obama chose Gregg as his pick for commerce secretary, after New Mexico Gov. Bill Richardson withdrew his nomination. Gregg later withdrew his name, citing "irresolvable conflicts" over the administration's stimulus bill and the upcoming 2010 census.

Full text of Republican address after the jump

Full transcript of Senator Gregg’s address:

“Hello, I’m Judd Gregg, Senator from New Hampshire. We all know these are difficult times. People are worried about keeping their jobs, paying their bills, the value of their homes and the cost of sending their kids to college. It’s hard.

“Thus I appreciate, as do all Americans, the efforts being made by our President and his seriousness about addressing these issues.

“But what concerns many of us are his proposals in the budget he recently sent to the Congress that dramatically grow the size and cost of government and move it to the left.

“It is our opinion that this plan spends too much, taxes too much and borrows too much.

“You may have heard this before that the budget of the President spends too much, taxes too much and borrows too much.

“What do we mean? Well, let me give you a few examples.

“In the next five years, President Obama’s budget will double the national debt; in the next ten years it will triple the national debt.

“To say this another way, if you take all the debt of our country run up by all of our presidents from George Washington through George W. Bush, the total debt over all those 200-plus years since we started as a nation, it is President Obama’s plan to double that debt in just the first five years that he is in office.

“He is also planning to spend more on the government as a percentage of our economy than at any time since World War II.

“His budget assumes the deficit will average $1 trillion dollars every year for the next 10 years and will add well over $9 trillion dollars in new debts to our children’s backs.

“He also is proposing the largest tax increase in history, much of it aimed at taxing small business people who have been, over the years, the best job creators in our economy. And further, he is proposing a massive new national sales tax on your electric bill. So that every time you turn on a light switch, in your house, you will be hit with a new tax - and it averages over $3,000 per household.

“These are staggering numbers and represent an extraordinary move of our government to the left.

“The President to his credit is not trying to hide this; in fact he is very forthright in stating that he believes that by greatly expanding the spending, the taxing and the borrowing of our government, this will lead us to prosperity.

“Here of course is where we differ. We believe you create prosperity by having an affordable government that pursues its responsibilities without excessive costs, taxes or debt. That it is the individual American who creates prosperity and good jobs, not the government.

“We believe that you create energy independence not by sticking Americans with a brand new national sales tax on everyone’s electric bill, but by expanding the production of American energy, such as environmentally sound off-shore drilling, nuclear power, wind, solar while also conserving more.

“We also believe you improve everyone’s health care not by nationalizing the health care system and putting the government between you and your doctor, but by assuring that every American has access to quality health insurance and choices in health care.

“We believe that you run a sound and affordable government not by running up the national debt to historic levels and unsustainable levels while over-taxing working Americans and spending as if there is no tomorrow, but rather by working on limiting the growth of government in a manner that is affordable not only today but for the next generation through limiting spending and addressing core issues like the cost of entitlements.

“Our nation has an exceptional history of one generation passing on to the next generation a more prosperous and stronger country, but that tradition is being put at risk. The dramatic move to the left and the massive increase in the size and cost of the government, proposed by the budget of President Obama, will lead to an immense national debt that not only threatens the value of the dollar and puts at risk our ability to borrow money to run the government. But it will also place our children at a huge disadvantage as they inherit this debt which will make their chances of success less than those given to us by our parents. It is not right for one generation to do that to another generation.

“Rather, we believe that if you properly steward the responsibilities of the government, if you do not spend too much, if you do not tax too much, if you do not borrow too much, we can leave our children a better nation where they will have even greater opportunity for prosperity, peace and freedom.

Thank you for taking the time to listen, and have a great weekend.”


Filed under: Judd Gregg
soundoff (175 Responses)
  1. Tony in Maine

    In earlier comments Gregg targeted government paid health insurance just as he does here. I assume he's giving up his government paid health insurance and writing legislation to eliminate government paid health insurance for the rest of Congress.

    March 28, 2009 03:40 pm at 3:40 pm |
  2. mary

    I'm really glad that Gregg removed himself from consideration for Commerce Secretary. It really looks as though he would have been a horrible choice. I think his replacement is a great improvement over Gregg. Gregg will be out of the senate soon, too, so maybe he can search for something productive to do. The more he talks, the more I wonder why Obama considered him in the first place. It all worked out for the better, though, as he's not part of a pretty strong cabinet.

    March 28, 2009 03:53 pm at 3:53 pm |
  3. Teacher

    The GOP budget is written without specific details or even numbers that outline the cost. With the GOP asking us to "trust us" on a document that may as well written in invisible ink ... they are also asking us to forget that they had their opportunity to lead 2000 -2008: all they did is start words and build bridges to no where.

    March 28, 2009 04:03 pm at 4:03 pm |
  4. john

    To the republicans that think the popular vote was a tossup here are some numbers so you can realize how bad your party really did:

    Barack H. Obama (D)
    Electoral 365
    Popular 69,456,897
    John S. McCain (R)
    Electoral 173
    Popular 59,934,814

    March 28, 2009 04:06 pm at 4:06 pm |
  5. ANGIE

    abe March 28th, 2009 1:58 pm ET
    _______________________________________________________
    I agree 100%!!!!!!!!!!

    March 28, 2009 04:25 pm at 4:25 pm |
  6. wakeupamerica

    Well then, what is your alternative Senator Gregg???? Hmm, didn't hear a response. Guess you got....nothing! Interesting how I never heard of you before President Obama nominated you, now you're all over the place in opposing everything he does. At this point, I'm glad you decided not to join the cabinet. I certainly don't recall hearing your vocal complaints when Bush was pushing us further into debt. Guess that's what happens when you can't think independently and side with the Party of No out of spite. Can't you guys get it, if you so badly want Obama to fail, then all of America fails.

    March 28, 2009 04:26 pm at 4:26 pm |
  7. bt

    Replying to Harold F....the rsn President Obama was bringing this Repub in is because he is a thinking person, he isa fair person...he was being inclusive and saw things in this man that the repubs did not or could not see..however it was fear of the repubs that made him decide he did not want to be apart of the Obama cabinet...ask yourself this question .... why did he even sit down with President Obama to even discuss this matter....he had not received any threats at that time from the repubs...right

    March 28, 2009 04:40 pm at 4:40 pm |
  8. ib

    The people on the left want the goverment to do everything for them. comments on this article proves it.

    March 28, 2009 04:45 pm at 4:45 pm |
  9. Jean2

    Come Judd HELP give some constructive service. We are all in this together. HELP! HELP!

    Just think if he had been in the cabinet.

    March 28, 2009 04:49 pm at 4:49 pm |
  10. rickey

    This is why the President needs to surround himself with people that have his interest at heart! This country will always have capital! It seems like some people want the President to fail, but hide behind saying that they only want his policies to fail! I think some people think the general public is inept and stupid!

    March 28, 2009 04:53 pm at 4:53 pm |
  11. A. Darton

    Just another Republican attacking the President, calling him all kinds of names, but coming up with no answers as to how to solve this crisis they help caused. Unless you think something is hidden in that 19 page budget they put forth the other day.

    March 28, 2009 04:57 pm at 4:57 pm |
  12. Will

    Remember the last time National Socialsts were so hateful and hostile to any and all who would dare to speak up about their horrendous plans?

    These libs are our neighbors, it is sad and scary to think about what they would like to do to their fellow Americans. Just read their hate of the ticker, they are about as far removed from pacifism as one can get. They want the terrorists out of gitmo and replaced with their fellow Americans who are not marching to their liberalism. This is a new chapter in America's history but it scary similar to the one writen in Europe 80 years ago.

    March 28, 2009 04:59 pm at 4:59 pm |
  13. Ms. G

    You see what you get from people only saying that they are for an ideology? When it comes to deliver in time of crisis, they don't have nothing to offer. Senator Gregg saw the amount of work to be done and he scared himself off. I say good riddance. We don't need people who don't know how to pull back their sleeves and put their hands in the dough. It is a backbreaking work but it is rewarding. Laziness does not pay!!

    March 28, 2009 05:04 pm at 5:04 pm |
  14. dev

    What is wrong with this guy, do they just not like Obama or they really don't like his plans which is it?

    March 28, 2009 05:10 pm at 5:10 pm |
  15. DN

    How easy is to blame Obama for the running deficits. As far as I remember, the current crisis is the result of Bush policies who left the country an increasing deficit that is actually growing because less taxes are being collected as a consequence of the crisis. The trillions deficits are George W Bush deficits, Obama is trying to cut the deficit but there is no magic wand to do that. Republicans don't remember they got a country running surpluses and returned one with the largest deficit in history and a crisis that is the reason of deficits growing even larger

    March 28, 2009 05:18 pm at 5:18 pm |
  16. Katie

    There's a reason the Republicans keep saying 'NO'. It's because they are afraid that President Obama's plan will work and they desperately want it to fail.

    March 28, 2009 05:19 pm at 5:19 pm |
  17. wesley

    How come this dude suddenly have a voice? Where was he hiding last 8 years. Just another wind bag!

    March 28, 2009 05:20 pm at 5:20 pm |
  18. Dan, TX

    Well, then I guess we don't need ANY banks. If the government shouldn't borrow money and take on debt, then I guess people and businesses shouldn't either, right Sen. Judd?

    We borrow money because we need to make investments we believe will create wealth in excess of what we borrow. It's called capitalism. That is Obama's philosophy. Invest in education, health care, energy and let entrepreneurs use that infrastructure to reduce costs, create business and pay taxes. Taxes will pay off the debt. Lowering taxes will increase the debt.

    March 28, 2009 05:21 pm at 5:21 pm |
  19. Right Leaning Independent

    Go Gregg Go! I love the comments about Republicans being hypocritical since they spent so much money.What sort of comment is that? How does this justify the next administration spending even more and putting our country further in debt? How did that work for all of the homeowners that acquired too much debt and now are losing their homes? Many Republicans and Independents were pretty upset with Bush being a free spending president and we are really upset with Obama who promised change though we did not realize he meant by spending more than Bush! I wish Democrats could see past their party and say NO to bad ideas like this budget!

    March 28, 2009 05:31 pm at 5:31 pm |
  20. FactCheck

    You socialist libs can keep up your boring never ending reference to "the past 8 years", but we are not going to let you drive us into unlimited government control. No way, no how.
    ____________

    How'd that work out for you during the last 2 election cycles? Yeah, that's what I thought. Keep yelling at the clouds, old man.. no one cares.

    March 28, 2009 05:32 pm at 5:32 pm |
  21. tedious898

    Just stop it you died n the wool GOPers. Now I'm seeing posts saying Obama was in the senate when Bush was running up the debt and probably Gregg was complaining then. PULLLEEESSSE. GW Bush was in Gregg's party. You think Obama was ever invited to discuss the finances of the country with Bush? Grow up

    March 28, 2009 05:32 pm at 5:32 pm |
  22. Drew

    Personally I think President Obama made a tremendous mistake in trying too hard to reach out to Republicans.

    The republicans plan since Obama won is to stonewall and block every policy or bill drafted up by the democrats.

    Cantor and Beohner are oppose to everything Obama does but they have no ideas or solutions all they do is grandstand and regurgitate the Republicans tired old lines.

    Sit and listen to any Republicans for more than 2 minutes and you will hear their one idea to fix the economy!! TAX cuts for the RICH.. That's it..

    They are really pathetic and this is a prescription for disaster. Republicans will lose more senate seats in 2010....

    March 28, 2009 05:36 pm at 5:36 pm |
  23. Ed

    Isn't going to work Senator Gregg. The blind sheep eyes have been opened. The only idea the GOP can come up with is a TAX BREAK. This is old political trick to get elected to office. The people voted for President Obama to succeed. The GOP wants Obama to fail and therefore they want the American people to fail. Save the GOP and the wealthy tax breaks at all costs. I will never vote GOP again.

    March 28, 2009 05:48 pm at 5:48 pm |
  24. Lady K

    I know a lot of people hate to pay taxes. But we use tax money to pay for a lot of things, including our debt. I'm 25, so my generation and all that follow us are in that generation that has to pay off the national debt. If i have to pay higher taxes, so be it. Because let's not forget- my parents inherited debt from my grandparents. How'd that work out? Oh, yeah.

    March 28, 2009 07:04 pm at 7:04 pm |
  25. Bash

    Judy has a problem,its speaking with tongue in cheek,half truth.If obama plans on spending and taxing,the biggest since WW11,i ask him if US has had it this rough since that time.Extra ordinary problems require extra ordinary solutions judd,and GOP,go figure out the rest of the story

    March 29, 2009 01:36 am at 1:36 am |
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