Senator Gregg: Government Expansion is the Wrong Path for the Economy

“This budget, which was passed by the Democratic majority along party lines, puts the nation in a perilous fiscal position. This budget spends so aggressively in order to expand the government that even the largest tax increase in history isn’t enough to pay for it. Instead, this budget doubles and eventually triples the debt, putting us on an unsustainable path that will leave future generations struggling to maintain the same quality of life that we enjoy.  It is simply wrong for one generation to do that to the next.

 

“So I am disappointed to see the Democratic majority put this plan into place, which will not lead to prosperity as they claim, but to a situation where we are steadily sinking under the weight of spending, taxes and borrowing.  Prosperity can only result from creating an environment where spending is restrained, the tax burden is low, and the government shows its serious intent to address debt over the long-term. I hope that the budget conferees will work together in a bipartisan way to make the needed adjustments to this fiscal blueprint.”