Judd Gregg: “I almost fell off the treadmill, because that statement is so outrageous that it could only be made by somebody from New…”

“I almost fell off the treadmill, because that statement is so outrageous that it could only be made by somebody from New York who sees things in big pictures, sees the forest but misses the trees. The statement represents, or implies, that pay-go is a fiscally disciplining event around here when just the opposite is what has occurred. Pay-go has become a term of art which has a nice name, and which is thrown out by some of my colleagues on the other side of the aisle as their representation of fiscal discipline, but in fact it has become a mechanism for spending money at an outrageous rate in entitlement and mandatory accounts. I don't call it pay-go anymore, I call it 'Swiss-cheese-go.'”