"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. ... 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. I therefore intend to oppose the effort to increase America's debt limit."Recognize that speech? DeMint? McConnell? Time's up. It was Senator Obama in 2006! More highlights from this Patriot Post essay include the following gems...
"So what are Obama's positions on debt and taxation?
...Obama was against raising the debt ceiling and "shifting the burden of bad choices today onto the backs of our children and grandchildren" before he was for it.
...Obama was against "taking out a credit card from the Bank of China" before he was for it.
...Obama was against "raising taxes in the middle of a recession" before he was for it.
...Obama was for "limiting charitable giving" deductions before he was against it."
"Obama's bluff is so absurd that Harry Reid will not allow a Senate vote on it -- worried that anyone on the Left will pay a political price for supporting such nonsense."
"Newt Gingrich, who has a bit of experience as a real House Leader, advised, "House Republicans [need to] get a grip. They are the majority. They're not the minority. They don't need to cave in to Obama; they don't need to form a 'Surrender Caucus.' So my number one bit of advice to the congressional Republicans is simple: Back out of all of this negotiating with Obama. The president is overwhelmingly dominant in the news media. [If] you start setting up the definition of success [as] finding an agreement with Obama, you just gave Obama the ability to say to you, 'Not good enough.'" Obama will also have to deal with the consequences of cuts.
"The Department of Defense is targeted for 49.5 percent of total cuts next year -- though the DoD budget amounts to only 17 percent of spending. Ironically, defense spending is actually authorized by our Constitution, whereas entitlement spending and most other discretionary spending has no basis in Rule of Law."
I encourage you to read the full essay here, and while you're there, sign up to receive the emailed The Patriot Post weekly. I do!
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