(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.”
I searched google and for the last eight years I have seen absolutely nothing about gregg slamming bush for his budgets, his starting a war, giving tax breaks to companies so they could take our jobs overseas.
Isn't that just like a republican, condoning greed, and all the other seven sins when they are done by a republican but just let a democrat try to straighten out the mess bush and THEY condoned, because after all bush couldn't have done it without their votes, and he gets all puffed up like he is the most knowledgeable person out there.
I will never get tired of saying it, republicans stink. And I think we should send them all to a desert island til their term expires. The party of NO is a good name for them.
Good logic folks. There is already a deficit so why not just push that sucker up three times over. Good Lord, help us. Save us from these Obama drones. Yes we can........ ruin our country.
While you're at it make us subservient to a one world government. Keep the change, PLEASE!!!
I'm so glad Gregg is not in the Obama cabinet. I got an uneasy feeling everytime I saw him. Maybe it's just me-but he has a dishonest look about him. Of course the deal with his brother didn't help my opinion. Then, I found out that he owns stock in Exxon/Mobil ! President Obama said Judd went to him about the job. Then Gregg had to be asured another Republican had to take his place–and he wouldn't vote on the stimus package. –and Prez Obama let him get away with that. He was being MORE than fair.Bush certainly not let someone who worked for him not vote for his plan. I'm not sure if it's true, but I heard Gregg tried to vote with Republicans on the stimus after he withdrew and that both sides said no. We dodged a bullet. glad he's gone !!!!!
i lean more to the left than right but it seems greg is a very smart man. he was willing to go against his party and join obama in his administration until he saw the full contexs of were obama wanted to go with the country. i am from canada and we have universal health care and i think the usa needs it as well. all its people should have access regardless of income. but i think obama is moving so far to the left that even if he gets 2 terms his policies will be reversed when the next republican takes over. the usa is 35% republicans, 35% dems and 30% independents. no matter if the populations moves towards one party or the other the president must take into account the whole country when making his policies. Even though obama got 55% of the popular vote there is 45% of the country that does not agree with his policies. He as president must make policies that take into account all citizens not just his party and who voted for him.
It's funny how Gregg suddenly remembered he was a Republican and withdrew from his cabinet appointment. Methinks the party leaders "explained" to him the error of his ways. And now he has to become the chief budget critic in order to get Republican party funds for his next Senate race. What a hypocrite. Listen carefully to what he says. He makes no sense at all.
"“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."
That tradition was mortally wounded a generation ago.
Just think, you could have been in a position to do more than just whine about – you could have been in there to actually exert some influence. That would have been acting in a bipartisan manner, though, and you don't have the courage for that, so shut up already.
I think the election marked an extraordinary move of our government to the left.
Elections have consequences, remember??
Always love to experience the level of intelligence of the Obamamaniacs in these threads. "OH, blame Bush, blame the Republicans." Their lack of any understanding of the many causes that are behind this collapse shows the depth of the support for this man by nothing but simpleminded simpletons. All they need is for him to tell them what to think and they think it, even if it does come from a teleprompter.
This man is in the same league as the morons that ran the auto companies into the ground. Doom the long term health of the company for the short term health of their wallets. Except in this case it's doom the long term prospects of this country and every one in it .
You other people that commented are pretty darn stupid! This man is right. Did you not see where he said that the money that“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."
If you are way in debt and you just go and borrow more money to get out of debt, then you borrow more on top of that and more on top of that, do you get it now? You can not pay all that off and I doubt very much that American can just and file bankruptcy like people can. America has forgiven a lot of debt to other countries but there are countries, like China who we are borrowing from, that are not in the forgiving business.
I don't care if you don't beleive me, look it up for yourselves!
This guy is like all the other Republicans. They have decided to be against everything Obama proposes and he is simply following his herd!
Im fed up of these guys, is there anyone out there who feels like me.
“It is our opinion that this plan spends too much, taxes too much and borrows too much,”
I'm tired of hearing just this... I really am. No one is creative in anything any longer.
Anyways... These little statements from Republicans are no longer worth paying attention to. They all seem to repeat the exact same things. Maybe they'll turn relevant when they become more creative with what they say, which is something sorely lacking with the Republicans (and a lot of Democrats as well).
Gregg is a great ...NOTHING. Always good to see the CNN crew is willing to listen to the disabled politicians of the GOP. Did anyone think this 'almost a disaster' Secretary would say something good about the current Dems.
The republican party cannot agree with anything President Obama does or wants to do. He is trying to rebuild America for the long term. All of the high rolling repubs that want to see him fail should look over their shoulder for the last eight years. It is not the Presidents fault that they all look like the idiots they are today, evidently idiocity has always been there, because they were in charge but did not know what to do with it.. This president should have the support of all Americans right now.
Well I wouldn't use Gregg for toilet paper as he has no honor nor integrity. The simple fact of the President's budget remains that he is playing catch-up to a world gone by. He knows it is only a matter of time before the oil based economy collapses either by suppliers, peak oil, environment, greed, war, etc... as our current melt-down is the opening phase and his budget reflects his initial attempts at converting to a technology based economy relying upon ideas and innovation rather than the fuel pump. This conversion will not be inexpensive as $trillions in wealth must be shifted to other avenues of investment & growth areas, thus the President's investment within the budget into alternative energies and conservation methods. The President's budget reflects not an agenda but America's growth to compete in a modern world!!!
". Economists don't know anything, only to theorize to death to the detriment of the people."
If that was true – then that leaves the decision making to the politicians or Joe, The Plumber.
Take your choice. The GOP "budget plan" is written with no specific details, no numbers ... written in invisible ink and asking America to "just trust us..." Sorry – the GOP had their chance to strut their stuff the past 8 years and all they did is attempt to build bridges to no where ...
Ask people who went thru bankruptcy using one credit card to make payments on other credit cards just how borrowing money they didn't have to pay off debts they couldn't afford in the first place. bo's spending is pure lunancy.
“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,”
Being put at risk, starting.... NOW?
I too am skeptical about the amount of spending this administration is planning. But the path to destroy the future prosperity of this country started with the Republican power monopoly that ruled Washington and the Neo-Conservative philosophy that lost site of limited government spending. Does he really think we forgot?
I find it cowardly and dishonest of him to make this harsh accusation to Obama.
As an independent – I may disagree with Democrats from time to time. But the Republicans have irreversibly lost my trust – even when I agree with them I can't bring myself to believe that they have the best intention for the country. The party of Lincoln needs to be replaced if balance is to be restored.
"it is our opinion",,,well gop your opinion was first to allow the former president to not even put his wars on the budget,then you release one without numbers in it,,,the nation spoke last november in the house and senoate you lost seats as well as the white house,,,,we have heard your opinion and decided we don't agree
These people who think a country can borrow its way out of debt are either the most ignorant people in the world or have never worked a day in their lives. bo fits both catagories. How about having the old dead fish pay 90% tax on the $300,000 bonuses he got from countrywide for doing nothing except advising them on which congressmen/women would be most likely to take bribes.
Gregg is a True Fiscal Conservative, something that we need right now. You wouldn't run up huge personal or family debts, and neither should the government. I hope Gregg get runs for President next time around, he's someone who really gets it... You cant have your cake and eat it too! Its time for some tough love folks, the government's job is not to take care of people... but merely provide a stable environment for you to take the opportunities to be successful for yourself!
I think I am getting Blue Balls with all these new ideas coming out of the Repubican Camp.
The guy should put up or shut up. Instead of simply going to the airwaves to criticize, present a budget that shows how the government will enjoy surpluses in the years ahead while tackling health care reform, educational investments and energy independence. All he will do is say slow spending (while inserting goodies for his district) and applaud tax cuts.
Second, it is not that hard to balance the budget. If the upper income rate moves from 39 to 42% on personal income taxes and we address the Medicare fiasco, we have budget surpluses for years to come. All this gloom and doom stuff smacks of Cheney and Rove promoting fear over common sense.
And your plan is Sentor Gregg??....I thought so, you have no plan, come back when you have a plan with actual numbers...
Obama asked Judd Gregg to be part of the decision making process but Judd felt peer pressure from his (still mad about losing) GOP party and said, no thanks.
Imagine if Obama said "I quite" to much pressure, dont like the way things are going, Imagine that.
Thats the difference between a winner and loser