March 22, 2009

Gregg: 'This country will go bankrupt'

Posted: 03:41 PM ET

From CNN Associate Producer Martina Stewart



GOP Sen. Judd Gregg warned Sunday that the country might be headed for a fiscal crash if spending isn't controlled.

WASHINGTON (CNN) – Even though he was almost a member of the new Obama administration, New Hampshire Republican Judd Gregg Sunday slammed President Obama’s approach to handling the country’s fiscal outlook.

Watch: Gregg warns of fiscal 'crash' (Video) http://www.cnn.com/video/#/video/politi ... tu.cnn.cnn

“The practical implications of this is bankruptcy for the United States,â€