2006 Obama: "America Has A Debt And A Failure Of Leadership"
In 2006, then-Senator Obama voted against increasing the debt limit and demanded that deficit reduction be linked to any increase because in his words, “America has a debt and a failure of leadership. Americans deserve better.”
Senator Obama’s 2006 Floor Speech Before Voting Against Raising Debt Ceiling – “America has a debt and a failure of leadership. Americans deserve better.” “‘The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure,’ he said. ‘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 and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.’” (Jake Tapper, “Obama 2006 VS. Obama January 2011 VS. Obama April 2011 On The Debt Ceiling,” ABC News, 4/11/11)