I am not sure Senator Gregg is right, but he clearly isn't optimistic about America's financial future.
This budget does nothing to get under control what I call the fiscal tsunami which is this huge cost that is coming at our country and specifically at the next generation to support my generation as we retire. And it will basically overwhelm our children and our grand children... Basically, it will bankrupt our country... The spending in this budget expands. In my opinion there is excessive spending on the entitlement side which is where we should have savings rather than new spending. And, of course, there is a lot of new taxes here about 1.4 trillion dollars.
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