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.
Obama 2006
But Obama warned again that he would not negotiate with Republicans over the $16.4 trillion debt limit, which must be raised in the coming weeks. “While I will negotiate over many things,” he said, “I will not have another debate with this Congress over whether they will pay the bills they’ve already racked up.”
Obama from today's Washington Post
Posts
No comments:
Post a Comment