The Corner

Obama’s Budget

Sen. Judd Gregg (R, N.H.), formerly President Obama’s nominee for Commerce Secretary and the ranking Republican on the Budget Committee, just castigated Obama over his budget proposal in a press conference on Capitol Hill.

“This translates to a debt-to-GDP ratio that we have not seen in this country since the end of World War II, when we were trying to pay off war debt,” he said. “If you take all of the presidents from George Washington to George Bush, and add up all of the debt they put on the books of the American people, President Obama’s plan adds more debt than that.”

Sen. Mitch McConnell, standing with Gregg, warned Democrats against passing the budget along party lines and using budget reconciliation to pass sweeping new programs. “If you do it with no bipartisan buy-in at all, then you own the whole thing.”

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