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… America has a debt problem and a failure of leadership. Americans deserve better.
Senator Barack Obama on March 20, 2006 (via NRO) addressing raising the debt ceiling during the Bush administration. He spoke today on the debt ceiling and miraculously found no fault in his leadership and danced around his votes against raising the debt ceiling when he was a Senator. Here’s video of that exchange with Major Garrett today:
