Former House Speaker Newt Gingrich warns that conservatives could leave the GOP and form a third party in 2012 if Republicans don’t do more to rein in government spending.
“If the Republicans can’t break out of being the right wing party of big government, then I think you would see a third party movement in 2012, Gingrich said during an address to students at the College of the Ozarks in Missouri.
Gingrich attacked President Barack Obama’s “monstrosity of a budget,” but acknowledged that Republicans are also to blame for the huge increase in federal spending, CNN reported.
“Remember, everything Obama’s doing, Bush started last year,” he said.
“If you’re going to talk about big spending, the mistakes of the Bush administration last year are fully as bad as the mistakes of Obama’s first two, three months.”
Gingrich predicted that “fed up” Americans will instigate a “nationwide rebellion at the polls,” and said the increased government spending under Obama is “literally irrational.”
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