“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.”
-Then Senator Barack Obama on the government’s proposal to raise the debt ceiling in 2006.
I guess it’s only a sign of leadership failure when someone other than Barak Obama is president. Interesting how hypocrytical our president is and how he twists things to suit his political needs.