President Obama's economic plans will be greeted warmly by foreign leaders because they are mostly socialists, Sen. Chuck GrassleyCharles (Chuck) Ernest GrassleyGrassley: 'Good chance' Senate panel will consider bills to protect Mueller Overnight Finance: CBO to release limited analysis of ObamaCare repeal bill | DOJ investigates Equifax stock sales | House weighs tougher rules for banks dealing with North Korea GOP state lawmakers meet to plan possible constitutional convention MORE (R-Iowa) asserted Wednesday.

Grassley insinuated that because the U.S. government under the Obama budget is growing, he will find a friendlier audience among world leaders to his left while meeting this week at the G-20 summit in London.

"Oh, I think they'll be greeted very well because he's meeting mostly with socialist leaders, except for, you know, a couple countries, and his program over here is leading us towards bigger and more government," Grassley said Wednesday morning during an appearance on MSNBC.

"They ought to applaud it," Grassley said in anticipation of the leaders' reactions. "They think that the United States can save the entire world."