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Monday, October 19, 2009

Sen. Judd Gregg Says the United States on the way to a "Banana-Republic" Financial Situation - Video 10/18/09

Here is video of Sen. Judd Gregg yesterday telling CNN that the United States is on its way to a "Banana-Republic" Financial Situation thanks to the massive debt being run up by the Obama Administration. Gregg said "you just can't keep doing that" and think it will not have dire consequences for the future of the nation. Instead of America's public debt being 40% of GDP, Gregg said we are on our way to it being 80% of GDP - which is "Banana-Republic" territory.


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