Is it true that Senator Barack Obama said the following just before voting against a Senate resolution to raise the U.S. debt limit in 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 cannot 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."
Comments
Obama was completely right when he said this in 2006. It was true then, and true now. I’m sure he would like to make some changes, like getting out of the wars, reducing the military and obviously increasing taxes to the rich, but the republicans are so powerful, and willing to destroy America (and the world) by not approving this increase.
I am sure Obama did not expect this much resistance from the Republicans. The Democrats did allow Bush to get things done..both good and bad.
The answer is yes !
You just contradicted your own self! First you said it was true then and it’s true now but then you accuse the Republicans of willing to destroy America! The question was did Obama say that in 2006 and the answer is YES!
Who is this Chris guy – Read the statement again – you moron..
Exactly. So many politicians “change their mind” or “change their policies” because it will supposedly put them ahead politically.
It is so nice nice to see such sagacious discussion. Hyperbolic, distorted, hypocritical cheap shots should be reserved for running the country.
Has anyone thought about the real problem? It is good that we finally have a deal. There is a 2.4G$ line of credit increase. This is good for about 18 months at the current rate of 40% deficit spending. The real question now is, how many these budget cuts are actually going to be in effect at this point? How much has deficit spending been cut by then?
The big wrinkle is that the next congress is not obligated to fulfill the promises of this one. The debit ceiling deal has 8.5 years of further deficit spending. There 3 more iterations of congress after the next election.
At least it gave us temporary relief. Whether it can help stave off a recession is yet to be seen.