May Winner is Hillary Clinton

Wednesday, February 16, 2011

Debt Ceiling

Back in 2006, as the vote on raising the debt limit came up, Barack Obama, Joe Biden, and Harry Reid all voted against it. ...

...They (the Republicans) should go to the floor of their respective house in the congress and, before pledging to vote against the debt limit just like Barack Obama did when he was there, they should quote Barack Obama. Every single one of them.

“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.”
Barrack Hussein Obama -2006

...here’s Joe Biden:
"But as the rest of the world copes with the waves of U.S. debt, we are now all in the same leaky boat. There is just so much of our debt other nations want to hold. The more of it they accumulate, the closer we are to the day when they will not want any more. When that happens, slowly or rapidly, our interest
rates will go up, the value of their U.S. bonds will drop, and we will all have big problems. We need both more awareness, and more understanding, of this fundamental threat to our economic well being and the global economy. … The President’s budget plans will bring that number to $11.8 trillion at the end of the next 5 years. This is a record of utter disregard for our Nation’s financial future. It is a record of
indifference to the price our children and grandchildren will pay to redeem our debt when it comes due. History will not judge this record kindly. My vote against the debt limit increase cannot change the fact that we have incurred this debt already, and will no doubt incur more. It is a statement that I refuse to be associated with the policies that brought us to this point."

…and Harry Reid:
"Given the explosion of debt in recent years, it is long past time for Washington to change the
course and adopt a new fiscal policy. After all, the future of our economy and our Nation is
at stake… "

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