- Posted October 8, 2013 by
durham, North Carolina
Obama: The Original Tea Partier
Below is an excerpt from the 16 March 2006 congressional hearing. The full statement can be found here:
Congressional Record. "Remarks by Sen. Barack Obama." 16 March 2006.
"Mr. President, I rise today to talk about America's debt problem.
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.
I therefore intend to oppose the effort to increase America's debt limit."