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Senate Proceeding on May 18th, 2010 :: 2:01:05 to 2:03:35
Total video length: 2 hours 39 minutes Stream Tools: Stream Overview | Edit Time

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Judd Gregg

2:01:01 to 2:01:22( Edit History Discussion )

Judd Gregg: i thank the chair and i yield the floor. mr. gregg: would the senator yield for a question? well, i seek recognition on my the presiding officer: the senator from newampshire is recognized. mr. gregg: how much time is remaining on this amendment? the presiding officer: the senator from new hampshire has 2 minutes and 40 seconds.

Judd Gregg

2:01:05 to 2:03:35( Edit History Discussion )
Speech By: Judd Gregg

Judd Gregg

2:01:23 to 2:01:44( Edit History Discussion )

Judd Gregg: mr. gregg: you know, i really -- i have great admiration for the senator from connecticut but i really think he's sort of reaching in some of his arguments here. i mean, this really is about a state like california defaulting and then the rest of us having to pay for it. i mean, that's what this is about. i mean, this is about a state which was -- has been irresponsible, to be kind, with

Judd Gregg

2:01:45 to 2:02:06( Edit History Discussion )

Judd Gregg: its spending and now finds itself in a situation where it can't pay its debts. and you know the legislature -- the legislators of that state are saying, oh, let's go to washington and get the so that we can get reelected again on the basis of spending all this money. well, that's not fair. that's not the way a federalist system's supposed to work. you can't argue that the

Judd Gregg

2:02:07 to 2:02:27( Edit History Discussion )

Judd Gregg: americ that one state could be profligate and another state would have to payor the costs of that profligateness. and the senator's own bill uses the language which i've used in this amendment on the question of how you define so the senator was a little -- a little -- had a little

Judd Gregg

2:02:28 to 2:02:48( Edit History Discussion )

Judd Gregg: phraseology that claimed that my language was inappropriate on the issue of default, how he defined t. well, it's actually basically -- mirrors his language in tit 2. so if it works in title 2, it ought to work here. the real issue is that we should not set up a situation where states and communities can expect to spend a lot more than

Judd Gregg

2:02:49 to 2:03:09( Edit History Discussion )

Judd Gregg: they can take in, know they're spending more than they can take in, run up a lot of debts which they know they can't pay and them come to the rest of america and say, you pay our debts because we want to get reelected. and that's what this is about. it's limiting the ability of states to act in a fiscally irresponsible manner and expect that the entire country will stand behind them and bail them out.

Judd Gregg

2:03:10 to 2:03:25( Edit History Discussion )

Judd Gregg: i reserve the balance of my time. the presiding officer: w yields time? mr. gregg: i ask time run equally against both sides. the presiding officer: without

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