Judd Gregg
The Public Record
When this stimulus was put together, so much of it basically became, as I said earlier, walking around money for appropriators.
The key difficulty facing the Congress now, I think, is to legislate or in other ways lock in future deficit reduction.
I remain hopeful that we will come up with a serious and credible plan to face up to our long-term deficits and debt.
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.
So if you want to look at what is really causing--maybe the uncertainty that is causing this $2 trillion to stay on the balance sheets, it is the fiscal policies of the Government.





