Skip to comments.Obama in 2006: "Raising America's debt limit is a sign of leadership failure"
Posted on 04/10/2011 7:39:40 AM PDT by therightliveswithus
Here is part of Congress's transcript from March 16, 2006:
Obama- Mr. President, I rise today to talk about America's debt problem.
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...
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.
I therefore intend to oppose the effort to increase America's debt limit.
(Excerpt) Read more at punditpress.blogspot.com ...
It’s only bad when they say it’s bad. Trust them.
Every single Republican senator should get up and quote the speech above. This (p)Resident is a joke.
If I remember right; after the last “government shut down” the non-essential workers who were laid off for a few days got back pay.
So, he was actually prophesying. About himself.
The Prophet Obama.
*Subject to change without notice..
Do as I say, not as I do.....=.=
I see another video of ALL transcripts like this on YT.
We American people will have some proof of WHO 0bama really is
and we will not allow this to BE HIDDEN or SCRUBBED like his handlers have done before.
As with any politician, it’s different somehow when they do it.
The list, ping
Let me know if you would like to be on or off the ping list
When the debt limit is being raised by democrats, it is considered the right thing to do and patriotic ! < / sarc >
Don’t forget, when HE does it, it is very different. When asked why we should think old, failed policies would work now, the answer is that “now you have me”. It doesn’t get any more clear than that...
Did they go and do some 'back work'?
As long as the $1.2-trillion annual budget for the military-security complex is off limits (to cutting), nothing can be done about the US budget deficit except to renege on obligations to the elderly, confiscate private assets or print enough money to inflate away all debts, Paul Craig Roberts, former Assistant Treasury Secretary under President Reagan warns.
* * * [In] fact, workers over their lifetimes have contributed 15 percent of all their earnings to the payroll tax that funds these benefits and have every right to them.
And far from Social Security being in the red, between 1984 and 2009, Roberts writes, the American people contributed $2-trillion . . . more to Social Security and Medicare in payroll taxes than was paid out in benefits but the government stole that sum to fund wars and pork-barrel projects!
What's more, under one realistic estimate, far from crashing into the red, Social Security(OASDI) will have produced surplus revenues of $31.6-trillion by 2085, Roberts says.
Obama is no different from all the other NWO scumbags. They all rip off taxpayers to fund their favorite pork-barrel projects. 0 just happen to be in love labor unions, Planned Parenthood, PBS and big government.
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