Sen. Judd Gregg of New Hampshire has the answer:
"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.Read the full GOP message below:
"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.
Senator Judd Gregg (R-NH) Delivers Weekly Republican Address
1 comment:
Interestingly, if a Republican President dared do what Obama is doing, they would be all over it. The Democrats complained about Bush's spending habit for the entire eight years, but now that Obama's deficit spending dwarfs Bush's, suddenly they are all fine with it.
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