Thursday, March 12, 2009

Gregg Admonishes Geithner

Senator Judd Gregg said last week that the country may go bankrupt.Today he told Treasury Secretary Geithner that his budget forecast is a lie.MSNBC reported:

It was obvious to most Capitol Hill insiders why President Obama wanted
Republican Judd Gregg as a member of his cabinet: He's one of the sharpest
money-minds in Congress. But instead of getting Gregg's counsel within the
administration, Treasury Secretary Tim Geithner found himself today of the
receiving end of Gregg's fiscal conservative wrath. In a hearing before the
Senate Budget Committee Gregg dressed down Geithner with facts, figures, and
charts. While always keeping his cool, the exchange was somewhere between a
mother's scolding, a drill sergeant's questioning and an attorney's cross
examination.In his opening statement, Gregg politely called the administration's
budget forecast a lie. "The argument that it cuts the debt in half in four years
is, ahh, is truly spurious," he told Geithner. President Obama himself gives
Gregg's comments a sense of stinging credibility. When the president introduced
Gregg as his nominee for Commerce Secretary last month, he said Gregg is known for is fiscal discipline.

Hat Tip: Gateway Pundit

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