From then Senator Obama’s Floor Speech, March 20, 2006:
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. … Increasing America’s debt weakens us domestically and internationally. 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 problem and a failure of leadership. Americans deserve better.
From President Obama's last news conference, Jan 14, 2013:
"While I'm willing to compromise and find common ground over how to reduce our deficit, America cannot afford another debate with this Congress over how to pay the bills they've already racked up," Obama said. "To even entertain the idea of this happening, of America not paying its bills, is irresponsible. It's absurd.
This from a President who has racked up over $5 trillion in new federal debt in his first term, and has yet to make ANY proposal to reduce spending or future debt increases.
Nuff said......
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