The government is going to go from 20 percent of GDP to 24 percent of GDP. That spending is the driver, in large part, of the gap that is causing the deficit and the debt which is going to bankrupt the country.
Judd Gregg
The Public Record
So if you want to look at what is really causing--maybe the uncertainty that is causing this $2 trillion to stay on the balance sheets, it is the fiscal policies of the Government.
If you were doing a formula, I think the percentage that would be assigned to Federal fiscal policy would be fairly high for creating uncertainty as a result of our unwillingness to face the long-term debt problems we have, the tax…
We are facing a Government that has got a long-term debt which is unsustainable
Regrettably, this country is on a track to fiscal insolvency under the present spending activities of the Congress.
This is going to be one of the most critical periods in the history of the Federal Reserve.
The only stabilizing force right now is the Federal Reserve because the Congress is totally irresponsible.
Well, my biggest concern would be that we end up like the House of Representatives.
We are the freest, the most prosperous, the most extraordinary nation in the history of the world.
I believe that it is the Senate because the Senate is where the rights of the people of this nation are protected. Especially Minority rights.
I agree one hundred percent with his opening statement, and think it was an eloquent recitation of the importance of the filibuster and the rules of the Senate in protecting the Minority.
I think it is dangerous. I think because you can never anticipate what the Minority needs.