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. KD

    I'm tired of the lies from the right.

    Hey, Gregg! Our grandchildren and their kids will be paying for the Bush/GOP deficits and schemes. Obama is trying to help all of us, including the generations coming up who have to deal with what you gave them (and us).

    People are losing jobs left and right where I live and there's nothing for them to go to (my wife included). I wish we had your outrageous salary and lifetime health insurance and retirement benefits. No, ours was eviscerated by the greed run rampant through the GOP. About the only positive thing we can say is that we didn't lose a family member to Bush's political war of choice and greed but I grieve for all who have.

    March 28, 2009 01:04 pm at 1:04 pm |
  2. jimatmadison

    George W. Bush ripped out the brakes, gummed up the steering, set the United States of America on fire and pushed it down the hill toward the cliff.

    Then he jumped off and said "Climb on board, Mr. Obama. It's all yours.", and he went on his Inventing a Legacy Tour.

    And it's Obama's fault that the prosperity of future generations is at risk?

    Thanks to the incredible amount of work already done by President Obama, I finally have hope that the future might be brighter for my kids and yet-to-be-born grandkids.

    March 28, 2009 01:04 pm at 1:04 pm |
  3. Mike

    I think that it needs to be asked: What's wrong about heading towards the left? Even without the need to balance out the move to the far right that took place in the last eight years, most of the worlds stable economies are in some way socialist. It is an understanding that for thee nation to survive and prosper, the government needs to be involved to ensure that the goals and motives are in the countries best interest.

    March 28, 2009 01:06 pm at 1:06 pm |
  4. JCG

    Judd Gregg will long be remembered for wasting one and a half weeks of the President's and therefore the country's time when we needed to assemble a team to repair the damage.

    "Gotcha" politics is elementary school playground antics. The country needs big people to clean up the mess.

    I can't think of any reason to take anything he says seriously.

    March 28, 2009 01:08 pm at 1:08 pm |
  5. Barry

    Sen. Gregg has no right to slam anything. His party had control of Congress from 1994 to 2006 and the White House from 2001 to 2008. They offered nothing but the proven failed policies of the past. Their President took a budget surplus and put us in deep ,deep debt He should just try to find common ground and try to get a policy that is productive. The Republicans only want to slam and hope this country fails, as their true leader Rush Limbaugh has plainly said. It appears their supporters on Wall Street have stolen a lot of money, and I am sure that is part of their plan to bring this country down, with people like Sen. Gregg's help.

    March 28, 2009 01:09 pm at 1:09 pm |
  6. John

    GOP slamming Obama's budget?

    Pfffffft. What else would they say?

    March 28, 2009 01:10 pm at 1:10 pm |
  7. Jenn, Philadelphia

    An independent group has said Obama's budget will add at least $3 trillion to the deficit, not the $1 trillion he claims And how exactly does adding money to the deficit every year for the next 10 years lead to a balanced budget? I believe we now have Obamanomics and it will work as well as Reaganomics!

    March 28, 2009 01:12 pm at 1:12 pm |
  8. Mike

    Senator Gregg should most likely review the spending habits of his fellow Republicans, the three Republican Presidents of the last 28 years and the increase of the National Debt by 1100% in those 28 years. At least look at it, before he starts running his mouth and making a fool of himself about a President who has only been in office for 9 weeks.

    March 28, 2009 01:12 pm at 1:12 pm |
  9. Nick

    We have seen more postive economic news in the last 40 days, then we saw all of douch bag's (Bush for those of you who forgot) last year in office. Seems to me the stuff the GOP continues to complain about just might be working. I am not against Gregg disagreeing with President Obama's budget or anyone for that fact, just come to the table with an alternative that create honest debate so we can find the best solution. Gregg has no place complaining, he was offered an opportunity to sit at the table and offer up his ideas.

    March 28, 2009 01:12 pm at 1:12 pm |
  10. Justin

    Yeah, lets blame Bush from Obama's trillion dollar spending plan. That is smart. I can always count on lazy, left-wing Democrats to use the fallback position of blaming Bush for everything instead of actually examining the situation in order to determine if Obama's plan makes sense. Oh and of course if a person disagrees with Obama, he is a out-of-date old Dinosaur that didn't deserve to be nominated in the first place. Maybe when your hatred from one man and intoxicating love for another dissipates you will have the clarity to see that Gregg is right

    March 28, 2009 01:13 pm at 1:13 pm |
  11. Andrea

    Sorry Gregg, you're credibility is a bit shaky. You are the ultimate opportunist from the party of "Just say NO!"

    March 28, 2009 01:15 pm at 1:15 pm |
  12. Ritter197

    It is amazing how totally quiet this man was when Bush and Aoociates ran this country into the ground economically. THAT is when he should have spoken!

    March 28, 2009 01:15 pm at 1:15 pm |
  13. Barbara NY

    What Senator Gregg doesn't seem to realize is that the American people understand that tax cuts don't pay for anything. The current economic mess started with Reaganonomics and took 3 decades to make. We realize that we need to spend money in order to fix the things that our previous administrations neglected, deregulated or just plain didn't care about (poor people, infrastructure, health care, education, energy, etc.). We elected Barack Obama fully realizing that we would have to spend money to achieve these goals.

    March 28, 2009 01:17 pm at 1:17 pm |
  14. keeth in california

    Where was this Republican opposition to spending during the last 8 years? It's hard to accept minority Republicans as credible in their criticisms given their recent past. I don't care for Obama's bloated budget, but I'm getting real tired of hearing nothing but gloom and doom from the Party of No.

    March 28, 2009 01:18 pm at 1:18 pm |
  15. Jim in Arkansas

    I think Gregg has accomplished one thing in his career: He has ended the tradition of having at least one member of the cabinet appointed from the opposition party.

    March 28, 2009 01:21 pm at 1:21 pm |
  16. Wolff

    Why do we keep reporting anything that Republicans say? They have become irrelevant. Haven't seen one idea from that side yet.

    March 28, 2009 01:22 pm at 1:22 pm |
  17. Jinny Lee

    And Senator Gregg is affiliated with which party? Come on...go figure....it's really getting stale.

    March 28, 2009 01:22 pm at 1:22 pm |
  18. Dixon

    I guess this guy wants to be a part of the problem, rather than, the solution. Republicans ran up this debt and left lots of unfinished work. In other words, we have nothing to show for the huge debt left by the republicans. The government is bigger than ever, the wealthy received tax breaks and our countrie's infrastructure is a mess. Judging by the jobless rate the trickle down crap is not working. I am sick of hearing all this negative from the people who brought us this mess.

    March 28, 2009 01:23 pm at 1:23 pm |
  19. RO

    SO, MR. GREGG, how do you propose to do it better?

    March 28, 2009 01:23 pm at 1:23 pm |
  20. Independent

    Some people are always obsessed with TAX CUTS as the all-important cure to the nation's problems. This seems to be the Republican Approach, cut taxes and all will be fine. But, what good is a tax cut going to do for the AVERAGE American who earns about $25,000 a year, and still cannot afford Health Insurance and the extremely high Health Care Costs within the U.S.? The state of Health Care is a disgrace within this country, and I have yet to see a reasonable or workable plan to be provided by any Republican member of Congress. Here's a thought: how about letting them pay for their Health Insurance premiums, instead of receiving Health Care covered by the American Taxpayers' dollars. This may help to reduce the National Deficit these Republicans are concerned about. Many of those Americans who do have Health Insurance have to pay for their premiums each month.

    March 28, 2009 01:24 pm at 1:24 pm |
  21. John

    I like how everyone want to blame Bush for the bad economy. When in fact it was when the democrats took over congress in 2006 when the price of gas spiraled up out of control and the economy started to decline. I know my quality of life was much better before 2006 then it is now. The Obamanation and his cult following is going to lead this country to ruin.

    March 28, 2009 01:25 pm at 1:25 pm |
  22. Chad

    Our country is about to be trillions in debt and all you Obama fools think that's a good thing? I don't care if you're a Dem or a Rep, this is not good.

    March 28, 2009 01:26 pm at 1:26 pm |
  23. Jill (Oregon)

    He must be one of the folks who makes over $250,000 per year! All I can hear the GOP say is CUT TAXES, CUT TAXES!!!!!

    March 28, 2009 01:27 pm at 1:27 pm |
  24. Bill

    This is the guy who could have had a cabinet postion, and changed things in Washington. But instead as so many Rep do he but his party first, and is now slinging rocks at the administration.

    March 28, 2009 01:27 pm at 1:27 pm |
  25. jason, tx

    shocker! a republican complaining. So, why is this news? this is all these people can do.

    March 28, 2009 01:28 pm at 1:28 pm |
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