"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."
-- Illinois Senator Barack Obama, Senate floor speech, March 2006
"We all want a government that lives within its means, but there are still things we need to pay for as a country -– things like new roads and bridges; weather satellites and food inspection; services to veterans and medical research."
-- President Barack Obama, Address to the nation, July 2011
Isn't it funny how it was okay not to raise the debt ceiling in 2006 under a Republican administration and now it would be downright catastrophic to fail raising it? Furthermore, isn't it ironic that the man (and his party) that raised federal spending by a third as soon as he gained power can utter such hypocritical words without any shame whatsoever?
The impostor-in-chief has nothing to worry about. The debt ceiling will be raised thanks to class warriors, RINOs, and other politicians who lose their nerve at the last moment; and we will continue on our merry way to financial destruction. Absent a complete overhaul of our political system, there is nothing that can save us with this gang of clowns running our country.