I watched one of Obama's campaign videos this morning. In Obama's 2008 campaign speech, he called Bush irresponsible and unpatriotic for raising the debt ceiling. He said, and I quote, " Bush has raised the national debt 4 trillion dollars in eight years. Bush takes the united credit card of China, and increases the national debt to 9 trillion dollars. We owe 9 trillion dollars that our children will have to pay back. $30,000 dollars for every man women and child. That's irresponsible. That's unpatriotic. " end quote.
Today, Obama thinks it's necessary to raise the debt ceiling. And we now owe 16 trillion dollars. That's now $53,000 dollars for every man women and child. Obama has increased our national debt 7 trillion dollars in just five years. But the liberals think the republicans are the problem.
As a U.S. Senator, Barack Obama voted against an increase in the debt ceiling because he thought the GOP should offer concessions before passing the debt ceiling legislation.
Amazing, isn't it.
It's a good thing Mr. Obama couldn't be president both THEN... and NOW!
Thing is, we have to find some way to survive the next 3.25 years!
Did he said that? I think he should apologize if he remember it, but i don't think so. Most of the politicians don't remember a thing about their promises during the campaign, why bother talking about it. Voting is your rights, but your vote always wrong!
Look here, I look at it like this. What has Barry done for me or you or all of us! It's all about him and his signature act! I can not think of one thing that has benefitted me and you - everything else has been a lie or failure! Tell me why we should trust him with heathcare! It will be the downfall of this country - another Gov. flop that will cost trillions!
"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 US 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. ...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."
SENATOR BARACK HUSSEIN OBAMA, MARCH 2006
Not the same thing at all. The debt ceiling is supposed to be automatically raised to account for debt interest/inflation. The same stuff will cost X% more next year, thus there will always be a deficit. That said, you AREN'T supposed to go into hard core deficit spending to finance a discretionary war against a country that had nothing to do with 9/11, when you are having a weak jobless recovery at home. You do use deficits to expand the money supply through stimulus (infrastructure, tech, unemployment benefits) in the event of recession/depression, when the private sector isn't spending or hiring sufficiently for the population level.
Any responsible European (leader) would look at the ground, shake his head, and smile at your perpetual debt philosophy. He would think we are a nation of doomed imbeciles. And the Asians?--HA HA HA! They would be ROLLING! America will belong to their children!