March 23, 2009
Senate Republicans warned of deficits that could climb to $20 trillion in coming years and a weakened dollar if Obama and his Democratic allies get their proposed $3.6 trillion budget plan passed.
"The practical implications of this is bankruptcy for the United States," said Sen. Judd Gregg, R-N.H. "There's no other way around it. If we maintain the proposals which are in this budget over the 10-year period that this budget covers, this country will go bankrupt. People will not buy our debt; our dollar will become devalued."
That's the kind of stuff we need to be hearing from GOP politicians. It gets even better, though. It seems Obama's budget plan is such a disaster that even Susan Collins, R-DNC HQ, isn't on board:
"It would double the public debt in 5 years, triple it in 10 years. ... That is not sustainable. It poses a threat to the basic health of our economy," Collins said.
It would be nice if you'd taken a stand like that against the Porkulus bill, but I guess it's better late than never. I'm sure she can still be bought off, though.
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