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Judd Gregg criticizes Obama's budget

From NBC's Ken Strickland
New Hampshire Sen. Judd Gregg -- the ranking Republican on the Senate Budget Committee who initially accepted being President Obama's

Commerce secretary before withdrawing -- called the administration's budget outline "a half-hearted attempt" to reduce the deficits and "missed opportunity" to take the country in a fiscally sound direction.

In a written statement, he said "it raises taxes on all Americans, implements massive new spending, and fails to make any tough choices to control the deficit and long-term fiscal crisis posed by the huge entitlement programs."

Gregg also challenged Obama's stated desire to reign in government spending, asking in his statement "Where is the spending restraint? Instead, government spending continues to grow and expand."