As a senator, Barack Obama said in 2006 that a bill to raise the debt limit was “a sign of leadership failure.”
leadership failure
leadership failure
leadership failure
leadership failure
leadership failure
“The Senate has no more important task than making sure the United States does not fail to pay our bills,” Reid said in a statement. “To ensure that we meet this responsibility, the Senate will stay in session every day, including Saturdays and Sundays, from now until Congress passes legislation that prevents the United States from defaulting on our obligations.”
Reid is working with GOP leader Mitch McConnell of Kentucky on a plan to give Obama sweeping authority to issue new debt without approval by Congress. But tea party forces will first have their day with a House vote on a separate plan requiring immediate spending cuts and adoption of a constitutional amendment mandating a balanced budget as a condition of raising the so-called debt limit.
July 12, 2011
U.S. Debt Ceiling Increase Remains Unpopular With Americans
More are concerned about higher level of spending than risk of economic crisis
http://www.gallup.com/poll/148454/debt-ceiling-increase-remains-unpopular-americans.aspx
Despite agreement among leaders of both sides of the political aisle in Washington that raising the U.S. debt ceiling is necessary, more Americans want their member of Congress to vote against such a bill than for it, 42% vs. 22%, while one-third are unsure. This 20-percentage-point edge in opposition to raising the debt ceiling in Gallup’s July 7-10 poll is slightly less than the 28-point lead (47% vs. 19%) seen in May.