Quotes of President Barack Obama on the Budget, Deficit, Debt and Deficit Ceiling
The fact that we are here today to debate raising Americas debt limit is a sign of leadership failure. It is a sign that the U.S. government cant pay its own bills. ... I therefore intend to oppose the effort to increase Americas 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, were now faced with record deficits. This mortgaging of our childrens future is a direct result of the Bush Administrations dangerously failed fiscal policies. 8/9/08 Democratic Radio Address
And, you know, frankly, the last eight years what weve seen is moving in reverse. Weve 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 its done? Its gone down $2,000. Think about that. Thats a $9,500 swing; $9,500. Thats money out of your pocket. Thats money going out of this country because were borrowing it from China to send to Saudi Arabia to buy oil. Thats whats added $4 trillion to our deficit. I mean, think about that. You know, so weve created a mountain of debt for the next generation that theyre going to have to pay off. This little guy, hes not too worried about it right now, but, you know, weve created $30,000 worth of debt for every man, woman and child in America. Thats going to have to be paid back. 9/3/08 New Philadelphia, Ohio
We cant mortgage our childrens 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 cant 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. Its not how you would run your family budget, and it must not be how Washington handles your tax dollars. Its time to return to fiscal responsibility and pay-as-you-go budgeting, the kind of budgeting we had in the 1990s. Youll remember Bill Clinton left a surplus (cheers, applause) to George W. Bush. 10/1/08 La Crosse, Wisconsin
We cant afford another four years of the kind of deficits weve been seeing over the last eight. Young people, you are going to have to pay for this debt were piling up. We cant afford to mortgage our childrens 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. Thats irresponsible. Its unpatriotic. Independence Day, 2008, Fargo, North Dakota:
These will never be heard on MSM or prime time news.
Tomorrow’s headline: Republicans back down and allow the country to survive default. Democrats win!
Real headline: Republicans cave again, no real agenda, just trying to get along with the Democrats - again. Democrats win! Third party likely!
Bookmarked. Will post something every day on FB to refresh people’s memories.