Re: The Debt Ceiling: Slaves to Debt?
Posted: Mon Jan 17, 2011 11:12 pm
Just another thing I'd like to add here, as well as prove in another thread it really is possible that politicians talk out both sides of their asses on damn near every issue.
http://www.youtube.com/watch?v=5WZLC8zkKv4
Here are Obama’s thoughts on the debt limit in 2006, when he voted against increasing the ceiling:
It's a sign that Bush fucked it all up! It's the worst economy since the great depression! 2010 will be far worse than this worse economy, but not If I get the stimulus bill for another cool trill. Damn republicans running up the debt to 7 trillion! They are nutz!
In 2007 and in 2008, when the Senate voted to increase the limit by $850 billion and $800 billion respectively, Obama did not bother to vote. (He did vote for TARP, which increased the debt limit by $700 billion.)
http://www.youtube.com/watch?v=5WZLC8zkKv4
Here are Obama’s thoughts on the debt limit in 2006, when he voted against increasing the 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. 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.
It's a sign that Bush fucked it all up! It's the worst economy since the great depression! 2010 will be far worse than this worse economy, but not If I get the stimulus bill for another cool trill. Damn republicans running up the debt to 7 trillion! They are nutz!
In 2007 and in 2008, when the Senate voted to increase the limit by $850 billion and $800 billion respectively, Obama did not bother to vote. (He did vote for TARP, which increased the debt limit by $700 billion.)

