Remember this one:
from March 20, 2006: (Obama)
"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."
And now, today....(Obama)
"Failure by Congress to raise the U.S. debt limit "could plunge the world economy back into recession," President Barack Obama declared Friday, and he acknowledged that he must compromise on spending with Republicans who control the House to avoid such a crisis. Obama urged swift action, saying he doesn't want the United States to get close to a deadline that would destabilize financial markets. He said he was confident Congress ultimately would raise the limit. "We always have. We will do it again,"
Another example of changing one's perspective / view once the entire job is understood.
Why have a freaking 'debt ceiling' if all they do is keep raising it? Where is the plan to pay off debt and lower the ceiling? We are going to have this same damn argument again and again as more and more debt gets piled on.
from March 20, 2006: (Obama)
"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."
And now, today....(Obama)
"Failure by Congress to raise the U.S. debt limit "could plunge the world economy back into recession," President Barack Obama declared Friday, and he acknowledged that he must compromise on spending with Republicans who control the House to avoid such a crisis. Obama urged swift action, saying he doesn't want the United States to get close to a deadline that would destabilize financial markets. He said he was confident Congress ultimately would raise the limit. "We always have. We will do it again,"
Another example of changing one's perspective / view once the entire job is understood.
Why have a freaking 'debt ceiling' if all they do is keep raising it? Where is the plan to pay off debt and lower the ceiling? We are going to have this same damn argument again and again as more and more debt gets piled on.