Also in this playlist...
This transcript is automatically generated
Trace congress passing president Obama's three point four trillion dollar budget today in the Senate.
Is expected to do the same few hours from now -- passing the budget per say but this is the plan.
That will pass the budget -- the -- now a big endorsement for the 100 day old administration's very big agenda but opponents -- the price tag will put us in -- For decades to come what is now New Hampshire senator Judd Gregg he is the ranking member of the Senate Budget Committee and senator.
I guess one of the big things that we haven't talked about yet at all today is the fact that some of the Democrats got together last night they put little thing in there this this and run you might college.
That makes it a lot easier for them to pass this budget come come fall and you say this is like them putting a gun to your head.
Well that's what they did they put reconciliation instructions in your audience probably doesn't know what that means -- this actually means -- in the Senate.
Where traditionally -- had a lot of debate and discussion of the major issues.
And then amendments on the relative to that issue and that policy they battle at determining that the Senate will be like a house where they'll be.
Morning hours of debate no amendments an up or down vote on the health -- Paulson the United States now.
This first is an affront to the constitutional process and the user and an abuse of the constitutional processes the -- supposed to be a place where you.
Three gets an area out of these very complicated issues.
But secondly it's a strong arm tactics there's no there's no reason that you have to ram this through in a reconciliation instruction manner.
But what they're doing here saying this up so that.
Members of the Republican Party don't really their position.
They basically can proceed down the road to reconciliation.
Or so it's sort of heads they win tails they win.
And just so I'm clear senator means that all they need to pass this thing would be 51 votes just a majority and I directed 51 votes to rewrite 17% of the gross national pride United States -- policies -- affected which is the health care policy United States.
Basically nationalize health care system what the government between you and your doctor that.
Pack it all happened on the 51 vote and -- media -- about this they've been very.
-- the administration and some of the members here in the Senate and the house and they said they want to single Payer national.
Healthcare plan and they're gonna they're gonna get it whatever way they can.
And they've also been very clarify if I'm I'm right here senator on the fact that they would like to do this without the Republicans and and they would like to do this would just the Democrats -- without getting you guys involved in the action.
You have been.
Fierce vocal critic of this budget three point six trillion dollars.
Anybody up there since you started talking about this couple months ago talking about how they're going to pay for all this.
It's our children that are going to pay for this with a massive increase in the death.
This budget increases the deficit five trillion dollars on average every year for ten years increases the debt.
Public debt as a percent GDP to 80%.
Today we're running about 40%.
Try to put that in perspective you can not get into the European Union hasn't applying country if you're -- -- The debt to GDP ratio exceeds 60% so basically a country like flat here with the way to get -- the European Union but we couldn't because we repeat to propagate and we have too much debt loaded -- -- our children that.
I know you talk about long term we talk about our children but this is also going to come back a lot of critics say the -- -- a couple years maybe next year we were talking about interest rates going up -- I'm stars are going to.
-- -- that I mean basically the deficits.
Aren't excessive beginning this year but they've become.
Unconscionable beginning in the third fourth here his -- than just continue to expand and that's going to have want to to a vaccine you have to -- the money supply and reduce the value of the dollar and -- made it make our debt less saleable.
-- -- -- radically increase taxes neither one is going to have a massively did.
Four effect on our economy.
Senator I certainly cannot let you get away without getting couple of thoughts from you -- Arlen Specter changing parties yesterday at how this what affect you in your home state.
And the fact that your senate seat could also.
Be in jeopardy I'm going the other way give us an idea -- what your thoughts and your thoughts in the future.
Well first off this is our own decision needed because he felt good when as a Democrat well known as the Republican that was his decision but.
As a very practical matter the bigger.
Back -- this decision is it doesn't mean that.
This government which is moving left fairly quickly -- move left.
Even faster because there's nothing to stand in the way of this administration and its agenda for expanding the size of the government significantly increasing spending.
And the national debt and taxes.
Because the Senate where you used to have the ability to.
Throw up a brief look roadblock anyway by requiring sixty votes along that road block no longer exists is so basically moved to a parliamentary form of government where.
The ruling party -- against just about anything he wants and you see.
The pendulum swing rather quickly one way or the other in this case -- -- going to -- to -- -- New Hampshire I think 2010 going to be good year for Republicans and I I would be willing to -- a fair amount of money that.
Our congressional delegation from New Hampshire will be.
Majority Republicans coming out 2000 to change your future decisions.
All senator about maybe staying put.
-- now I have pretty much made my decision I have made -- decision I'm not gonna run.
Senator Judd Gregg sir thank you.
Thank you appreciate --
Filter by section