On the recordJanuary 7, 2009
It doubles the national debt in 5 years, publicly held debt, this budget.
Said by
Judd Gregg
Source
congress.govIt doubles the national debt in 5 years, publicly held debt, this budget.
Warns about the rapid increase in national debt due to the proposed budget.
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I think the appropriate way to approach this is to set the size of the government as a percent of GDP.
I think Dr. Rivlin is absolutely correct on both points, and Simpson-Bowles did the same thing that Domenici-Rivlin did, which was to actually increase benefits to single women over 85, and low-income individuals.
The Simpson-Bowles Commission...came to the conclusion that on our present path this Nation goes bankrupt.
Design the programs. Decide how large the government is going to be. Do a tax reform to finance it.