Judd Gregg: “What do they plan to spend? Senator Obama plans to spend $300 billion under his plan. In order to reach the numbers they…”

“What do they plan to spend? Senator Obama plans to spend $300 billion under his plan. In order to reach the numbers they want to spend in this bill, there is a lot of spending in this bill. There is $200-plus billion in discretionary spending increases. There are $400-plus billion entitlement increases in this budget. There are big holes that we know are going to have to be filled, or at least we hope they will be filled, because otherwise you are going to end up with our troops stuck overseas without being able to get home, because their budget does not fund the cost of bringing them home, much less supporting them while they are in the field. We know these expenditures are going to occur, and those expenditures have to be paid for, and the way they are paying for them is by increasing taxes, not on the wealthy--they do on the wealthy too, but on every American. The average American's taxes will go up about $2,400 under this bill.”