Obama will bankrupt our country

That according to Senator Gregg will happen if Obama gets his budget passed.

But Sen. Judd Gregg of New Hampshire also says President Barack Obama's massive budget proposal will bankrupt the country.

Gregg says he has no regrets in withdrawing his nomination to become commerce secretary. He pulled out after deciding he could not fully back the administration's economic policies.

The senator said Obama's spending plan in the midst of a prolonged recession would leave the next generation with a country too expensive to live in.

While this might be a little over exaggerated I don't think he is far off. If Obama keeps on spending like Ted Kennedy after a drunken all night and continues to print money like it is Monopoly we will face an even worse financial mess. What he is doing now will lead to double digit inflation and unemployment. I'm not sure if Obama just doesn't understand economics but at some point the market will have to correct itself and when it does we will be in a world of hurt.