Annie
Diamond Member
- Nov 22, 2003
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And President Obama, well that would have been Senator Obama when he said it, understood what raising the debt ceiling meant and voted AGAINST it:
Examiner Editorial: Using the debt ceiling for a powerful message | Washington Examiner
Examiner Editorial: Using the debt ceiling for a powerful message | Washington Examiner
...floor speech delivered not so long ago by a certain member of Congress who offered this counterargument to automatic debt ceiling increases:"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 we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies."Which die-hard Tea Party wingnut said that? It was none other than Sen. Barack Obama, D-Ill., speaking on the Senate floor in 2006 just before he voted against raising the debt ceiling. Obama was right. America would be in better financial health today if the Republican Congress in 2006 had stopped spending billions more tax dollars than the U.S. Treasury collected and ended the borrowing of countless billions of dollars from China to support continued deficit spending.
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