Monthly Archives: October 2013

Obama Refuses to Raise Debt Limit to Cover His Spending Addiction

♥♥♥♥ Obama’s own words–> More recently, in 2006, then-Sen. Obama used the debt ceiling as a stick to hit Bush.

“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,” Obama said in March 2006. “It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government’s reckless fiscal policies. Over the past five years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ‘trillion’ with a ‘T.’ That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers.”