Thursday, September 10, 2009

Barack Obama - "Raising America's Debt Limit Is a Sign of Leadership Failure"

'Way back' in 2006 Obama said; "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.

Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is "trillion" with a "T." That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President's budget will increase the debt by almost another $3.5 trillion.
" ( It is funny what two years can do to your beliefs. It is rather sad to reminisce about the 'good old days' when our government was 'only' running a deficit at a rate of 3.5 trillion every five years. Obama's policies now require the legislator to once again raise America's debt limit (

No comments:

Post a Comment

Related Posts with Thumbnails

Like what you read; Subscribe/Fan/Follow