Who Said It?

As the Democrats in Washington, D.C. prepare to to raise the national debt limit — a requirement for the Obama administration’s spending plans — it’s worth remembering who said this:

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.

And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.

Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities. Instead, interest payments are a significant tax on all Americans–a debt tax that Washington doesn’t want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible 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.

Who said it?

Barack Obama

(Hat Tip: lorien1973)

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4 Responses to Who Said It?

  1. Math says:

    Of course, the economic context from 2006 is entirely the same as the context from today. Would you rather have someone who can adapt to the situation at hand or someone like Bush who could never change his mind no matter what?

  2. Be honest, Math,

    Exactly what CHANGE did you HOPE that Obama would bring?

    I’m totally serious. I’d like to know what you thought would be better under Obama, and how your hopes from a year ago compare to the present realities.

    Obama led people to believe he would change a lot of things. From my perspective, Obama made practically all of them WORSE, not better.

  3. Trevor Hilton says:

    http://en.wikipedia.org/wiki/Arp%C3%A8ge

    “Promise her anything but give her Arpege”

    Just like the advertisement, promise us what we want to hear, then give us something that just covers up the bad smell.

  4. Aaron says:

    (I won’t attribute the TARP to Obama only because Bush approved it while Obama is spending it, so the number below leaves that out)

    $1,100,000,000,000 USD in deficit spending that belongs solely to Obama.

    Is that Audacious Hope, or Change We Can Believe In?

    More than twice as high as the worst deficit Bush ever had! (and that includes ALL war-funding, supplemental spending bills, and emergency-spending bills)

    Is that Audacious Hope, or Change We Can Believe In?

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