Gregg: U.S. following Greece
By: Andy Barr
May 11, 2010 09:15 AM EDT
Sen. Judd Gregg (R-N.H.) is warning that the United States is well on its way to facing the same type of debt crisis that has crippled Greece.
“We are on a path which will go to where Greece is, there's no question about that, if we don't adjust our present financial house,” Gregg said during an interview Monday night on the Fox Business Network.
“If we continue to spend much more than we take in…we'll double our debt in five years and triple it in 10 years and essentially be where Greece is in about seven years,”
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