1.d4 d5 2.Nf3 c5 3.c4, and white is fine, and will probably end up in a Tarrasch, which you have to be prepared for anyway. If there's another, independent option for black with any sting from that point, I've never heard of it.
Frying the Gambits: Albin and Budapest

Thanks for the replies :) I think I may start trying out 2. Nf3 3. c4 while I learn the main lines. If black plays 1. d4 Nf6 2. Nf3 c5 ill respond w/ d5 going into a Benoni and respond w/ c4 in case of 1. d4 d5 2.Nf3 c5 to try getting into a Tarrasch. Don't know too much about Grunfeld Defense other than the first few moves. Im just hoping that 2. Nf3 3.c4 gets me the positions I would get playing 2. c4 w/o the annoying e5 gambits. And Ill just learn the Bogo Indian from the white side which isn't too hard I guess. I hate playing the Nimzo from the white side anyways...

I like the 4.Bg5 line. When I analyzed this with Fritz it actually indicated that 4...e6 would be an inaccuracy agaisnt this and gave white an advantage of +/- (0.88) I know that I shouldn't always trust computers so early in the game but that number just surprised me o.o. Heres the line it gives:
In the end, black is fine but he has to play accurately to achieve the position in the end.
So im planning to planning to play in a local chess championship this weekend in the U2000 section. It kinda occured to me that I don't know that much about these gambits other than the fact that w/ best play they suck but from a practical standpoint the Budapest at least is ok-ish maybe even somewhat respectable. Never faced the Budapest and I faced the Albin once a while back but won that b/c my opp didn't notice that his bishop was hanging b/c it couldn't be recaptured as the pawn to capture it was pinned...
I have this horrible feeling that someone will dish these out vs. me and I know that by playing 1.d4 and 2.Nf3, 3.c4 I can avoid them but I feel like the emergency-fix 2.Nf3 really takes away some options-What if black plays 1.d4 d5 2.Nf3 c5!? or 1.d4 Nf6 2.Nf3 c5- (Against the first one, there is no way Ill play e3 or c3 I hate the Colle as well as anything involving d4 w/o c4)
So....therefore I kinda need sample lines in which white retains more than equality. Against the Albin, im considering the Fianchetto Setup (4.Nf3 5.g3) but I always seem to have problems trying to get my dark-sq bishop out w/o losing my extra pawn. Against the Budapest (Ng4 btw) whats the variation that offers the best chances for white or least for black? I feel that if I lose my extra pawn, my opponent gets equality out of trash. I need help in deciding when/how to return the extra pawn in these gambits.
Thanks,
Lavarook