Judd Gregg: If we fail to control our spending, we are a banana republic

One thing that I like from this interview was Judd Gregg's assessment of the tea parties.  It is mainstream.  Most honest conservatives, independents and even liberals know that the pace of government spending that we have chosen to pursue is unsustainable.  We will be downgraded in a year or two if we continue spending and shrinking our economy.  Its inevitable.  Judd Gregg via CNBC:
“I happen to think the Tea Party is in the mainstream of where political thought is right now,” Gregg went on to say. “[It’s to] Get the deficit under control, get the debt under control and pass on to our children a country that is prosperous and secure. We’ve had a radical explosion in the size of government in the last two years: You’ve gone from 20 percent of GDP to 24 percent of GDP headed toward 28 percent of GDP. That has to be brought under control or basically we’re going to bankrupt the country."

"The American people intuitively understand that and the Tea Party expressed that,” Gregg added.

"This nation is on a course where if we don’t do something about it, get federal situation, the fiscal policy [under control], we’re Greece. We’re a banana republic," said Gregg.

The Tea Party movement is mainstream, as long as they stay focused on debt and deficit.


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