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.
Gregg emphasizes government spending as a key factor in increasing debt and deficits.
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More from Judd Gregg
the policies behind getting these numbers under control are extremely difficult politically, because they involve very tough decisions.
To those still in denial, or even advocating steps that would make our debts even higher, please reconsider.
A lot of that economic growth was driven by a bubble, and I don't really think we want to revisit that.