RICHMOND, Va. (AP) — Former U.S. House Speaker Newt Gingrich says the debt crisis that wrecked Greece's economy is a lesson for the U.S. and other world governments that promise more than they can deliver.
Gingrich spoke Friday at a Richmond forum on health care. He predicted that President Barack Obama's health care overhaul would collapse America's economy.
He said that borrowing $10 trillion over the life of the plan can't work because there aren't that many bond purchasers on the planet.
Gingrich addressed a meeting sponsored by the Center for Health Transformation, featuring conservatives, business groups and other opponents of the new federal health care reform law.
The potential 2012 presidential candidate has been a consistent critic of the federal health care package that passed Congress.