By JR on Tuesday, August 09, 2011
"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 US Government cannot 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."
The above quote consists of two excerpts from a long speech delivered by Barack Obama during a Senate debate over raising the national debt limit on March 16, 2006. Along with his entire party, Senator Obama voted against the increase, which passed nonetheless with overwhelming Republican support.