Gregg Calls out Obama's Budget Lies

Obama and Orszag are lying about their economic proposals. You have a budget disconnected from reality and they plan on raising all of our taxes including on the magical 95% Obama is always spouting about. Finally they do plan on raising taxes in a recession despite all of their protests. Its nice to see GOP leaders finally taking Obama to task for his fiscal fantasies.

Via HOT AIR -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. …

“The argument that this budget doesn’t have tax increases [on everyone] is, I think, an ‘Alice in Wonderland’ view of the budget,” he said.

He challenged the budget’s math on cutting the debt: “When you take the deficit and quadruple it and then you cut it and half, that’s like taking four steps back and twosteps forward. That’s not making any progress; you’re still going backwards.”

Keep it up Gregg, in addittion it now appears Democrats are also skeptical:

[Sen. Kent Conrad, D-ND] said he has been beset by senators on the floor of the chamber, and they have not been heaping praise on Obama’s budget plan. In fact, they are lodging threats.

“There are so many things in it where I have colleagues coming up to me and saying, ‘If this is in, I’m out,’ ” Conrad confessed. “And I’ve heard that on both sides.”

Conrad, who will be a chief architect of whatever compromise is crafted, has already made public his belief that the budget in its present form does not have enough support to pass the Senate, where it is difficult to stroll down any corridor without hearing either a Democratic or Republican declaring their firm opposition to one of its provisions.

Keep it up.