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Tuesday, August 2, 2011

Sen. Obama & debt ceiling- 2006

~ Shh, don't tell the President he's travelling..

What did President Obama think about President Bush's desire to raise the debt ceiling back in 2006 when he was still a US Senator?  

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure... It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.” (ABC


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