Gregg: U.S. could be on path to a ‘banana republic’ situation

Gregg: U.S. could be on path to a ‘banana republic’ situation  CNN Associate Producer Martina Stewart 10-18-09
WASHINGTON (CNN) – A leading fiscal mind on Capitol Hill and a one-time Obama Cabinet pick sounded the alarm Sunday over the projected long-term financial challenges the country faces.
“This deficit is driven by us,” New Hampshire Republican Sen. Judd Gregg candidly said Sunday on CNN’s State of the Union when asked about the federal government’s projected $1.42 trillion operating deficit for the 2009 fiscal year.
“You talk about systemic risk. The systemic risk today is the Congress …Read More