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Bank of America Corporation Message Board

  • barack_crock barack_crock Jan 16, 2013 11:05 AM Flag

    IN OBAMA'S OWN WORDS

    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. … 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.

    In 2007 and in 2008, when the Senate voted to increase the limit by $850 billion and $800 billion respectively, Obama voted no. (He did vote for TARP, which increased the debt limit by $700 billion

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