The fact that we are here today to debate raising America's debt limit is a sign of EPIC FAIL!

U.S. Senate | March 20, 2006 | B. Hussein Obama

[Jim Robinson]

"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."

- Sen. Barack Obama (D-IL), March 20, 2006

HOLD THE LINE!! STOP THE SPENDING!!

[humblegunner]

The fact that we are here today to debate raising America's debt limit is a sign of leadership failure.

And now you OWN the failure, spunky.

Roll in it, how does it taste? Tastes like... legacy?

[xzins]

I hate to give the guy any press at all. OTH, at least it does (again) show him for the hypocrite he is.

[Winstons Julia]

He said he “regrets” that now. I’ll bet he does.

[GeronL]

It is so true.

lol

[mlocher]

" .... America has a debt problem and a failure of leadership..." -- Barak Obama

Well stated, Mr. President.

[Jim Robinson]

But, but... that was then, this is now. It’s not reckless spending when WE do it. Borrowing from foreign countries to make payments on our debt doesn’t weaken us or burden our grandchildren when WE do it.

It’s not FASCISM when WE do it!!

[so_real]

No need to borrow more if they spend less. It is that simple. It's what We the People have been begging the government to do for as long as I've been breathing. It has to come to a head some day. Today is a good day. Please, Congressmen reading this blog, hold the line. Do not raise an irresponsible government's ability to borrow and spend our sovereignty away.

[ken21]

connie mack’s 1% reduction would be a step in the right direction.

[EGPWS]

"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."

Sounds great, now only if he wasn't such a pathological liar...

[Jim Robinson]

It's not a sign of leadership failure when OBAMA does it!! It's GRATE LEADERSHIP!! Obama's leading us to the promised land.

[Candor7]

Nope, the fact is that the US system of government works. Without compromise in the house Reid, Pelosi and Obama can do nothing. The Dems will not compromise. EPIC fail.

Bring on the default.

[xzins]

It’s not FASCISM when WE do it!!

Bullseye!

[Jim Robinson]

It’d be a great start.

[Qbert]

And, “You don’t raise taxes in a recession.”

- Barack Obama

[mlocher]

Jim — once again you are correct. However, Obama’s leadership Grates on all of us.

[eggman]

"... America has a debt problem and a failure of leadership. Americans deserve better."

Unfortunately, there were enough votes to put this joker in charge. Voting him out in a landslide is the only thing that will prove Americans still deserve better.

[Ohioan]

Note this additional fact, Jim.

The panic argument is that if we do not raise the debt ceiling--and by a huge amount--our credit will plummet. But ultimately what determines our credit worthiness is our ability to actually pay off what we borrow. The fact that the credit rating agencies have not already correctly evaluated what Obama has already done to our credit-worthiness, only reflects their hesitation to face actual reality, where the Treasury is involved.

The reality is that unless the Republicans stand fast, here, the rating will be meaningless; we will have an inflationary spiral that will guarantee that no holder of our bonds will ever see anything like the value of what he actually invested.

But what the Obamanists care about is appearances; and much of the media totally misses the real point. The reality is already much worse than the threatened downgrade would even suggest.

William Flax

[Jim Robinson]

It sure does grate on us. And he’s leading us to the land of promissory note. His fiscal policies mortgage our future. He leads us down the path of doomed economy. He is the valley of the shadow of death.

[glock rocks]