Judd Gregg

Where's the restraint in spending? This budget doubles the debt of the federal government in five years, triples the debt of the federal government in 10 years, runs up obviously massive deficits over this period.

For me, I just realized as these issues started to come at us and they started to crystallize that it really wasn't a good fit. And I wouldn't be comfortable doing this and it wouldn't be fair to him to be part of a team and not be able to…

I realize that to withdraw at this point is really unfair in many ways, but to go forward and take this position and then find myself sitting there and not being able to do the job the way it should be done on behalf of the President 100…

This is an investment by taxpayers which we are going to get back, with interest.

What we really should be focused on is how we improve the economy and basically repair the economy fundamentally.

The debt of this country is unsustainable on our present course

There is fertile ground here in this Senate, especially between myself and the Chairman, for accomplishing that goal.

Maybe I do not understand, but I presume the way you are going to get the private sector to participate is you are basically going to make it profitable to them, or at least potentially profitable to them, by removing their downside risk…

And reducing debt and deficit to a sustainability level is at the core of accomplishing that.

I do not see how your budget does anything other than put us in a position where we get a Nation that our children cannot afford and that is not productive.

Why would we invest in a country where the debt is going to be unsustainable, where the deficits are unsustainable, and where they are basically saying if you are a productive individual, a small businessman who wants to take a risk, we…

You are taking and creating a 30-percent tax increase on capital gains. You are saying to the people who are small business people, we are going to increase your taxes from a 35-percent to a 42-percent effective rate.