Quotes of President Barack Obama on the Budget, Deficit, Debt and Deficit Ceiling

“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. ... I therefore intend to oppose the effort to increase America’s debt limit.” -- 3/16/2006 Floor speech in the Senate

First, we learned that the federal budget deficit could reach nearly half a trillion dollars next year. Eight years after we had a record surplus, we’re now faced with record deficits. This mortgaging of our children’s future is a direct result of the Bush Administration’s dangerously failed fiscal policies. -- 8/9/08 Democratic Radio Address

And, you know, frankly, the last eight years what we’ve seen is moving in reverse. We’ve been moving in reverse. When Bill Clinton was president, the average family income went up $7,500; $7,500. Since George Bush has been president, you know what it’s done? It’s gone down $2,000. Think about that. That’s a $9,500 swing; $9,500. That’s money out of your pocket. That’s money going out of this country because we’re borrowing it from China to send to Saudi Arabia to buy oil. That’s what’s added $4 trillion to our deficit. I mean, think about that. You know, so we’ve created a mountain of debt for the next generation that they’re going to have to pay off. This little guy, he’s not too worried about it right now, but, you know, we’ve created $30,000 worth of debt for every man, woman and child in America. That’s going to have to be paid back. -- 9/3/08 New Philadelphia, Ohio

We can’t mortgage our children’s future on a mountain of debt. I look at all these young people here today, and I say to myself, the notion that we are loading up more and more debt on a war in Iraq that I believe should have never been authorized and should never been waged — (cheers, applause) — on tax cuts for multi-billion dollar corporations and some of the wealthiest Americans, that is not a good investment in the future. We can’t run up a credit card, have a party and leave our children to pay the bill. It is time — it is time to put an end to the runaway spending and the record deficits. It’s not how you would run your family budget, and it must not be how Washington handles your tax dollars. It’s time to return to fiscal responsibility and pay-as-you-go budgeting, the kind of budgeting we had in the 1990s. You’ll remember Bill Clinton left a surplus — (cheers, applause) — to George W. Bush. -- 10/1/08 La Crosse, Wisconsin

We can’t afford another four years of the kind of deficits we’ve been seeing over the last eight. Young people, you are going to have to pay for this debt we’re piling up. We can’t afford to mortgage our children’s future on another mountain of debt. -- 10/2/08 East Lansing, Michigan

The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic. -- Independence Day, 2008, Fargo, North Dakota:

Give your liberal friend a pop quiz.

Ask then who said all of the above.

If they get it wrong or do not believe you....

Call them irresponsible, unpatriotic and poor leaders.

MUST READ: DEBT CEILING A DEMOCRAT RUSE
The debt ceiling propaganda is a radical ruse by obozo and his minions to try to force the Pubbies into a cave in on obozocare and push America that much further into the Marxist hellhole obozo promised his ignorant supporters in 2008!

Raising the debt ceiling WITHOUT reigning in SPENDING and telling those “non-essential” bureaucrats to get REAL jobs (if they can find them) is a recipe for the further destruction of what remains of America.

If he takes us into default, it will be because HE made the decision to do so.

FACT: We are nowhere near that even with a complete budget stall. The US takes in nearly $250 BILLION in tax revenues each month. This is more than 10 times what is needed to service the interest on the debt ($220BILLION/year).

What this shutdown does, however, is force Obama into a position where he would have to prioritize the spending for what is left. It would NOT be the total chaos being pushed by the Dems and their lapdog media.

If you want your country back, ignore these phony scare tactics.

PLEASE SHARE THIS WITH EVERYONE YOU KNOW. Don’t bother with the obozombies. They wouldn’t recognize a fact if it bit them on the ass.

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