“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.” Senator Barack Obama (D-IL), 2006
It bears pointing out that our national debt was around 9 trillion dollars at the time when these comments were made. Obama voted not to raise the debt ceiling. Today, our debt now sits at $17 trillion dollars.
I agreed with everything Obama said in 2006. It was intergenerational theft for Bush to add $5.5 trillion dollars to the national debt over an eight-year period. It’s criminal that Obama has piled on $7 trillion dollars in five years — and counting.
Extremist liberal Democrats who now run the Senate and occupy the White House are trying to make the case, with a straight face, that the debt ceiling has nothing to do with our debt.
I know what you must be thinking: How can anyone think that a credit limit has no bearing on the ability to spend? We, as individuals, have the ability to live beyond our means. But common sense informs us that we can only do this for a short period of time.
If we max out our credit cards, we can’t get more money by simply stomping our feet and whining, “But I’m committed to spending this money!” People who extend credit would look at anyone making that case and laugh in their face.
That is what I suggest Americans do to extremist left-wingers and their enablers in the corporatocracy.
Thus far, Democrat budget solutions never balance the budget much less pay down the debt. Congress must stop spending more money than “we the people” give them. Our country generates over $2.5 trillion dollars a year in tax revenue. The government has been spending $3.5 to $4 trillion dollars a year since Obama took office. We should insist that Congress and Resident Obama agree to a plan that begins to pay down our national debt.
Elected politicians are like the proverbial drug addict. They snort up our money just like a junkie ingesting blow.
Part of the solution is not to raise the people’s tax burden to feed the Congressional habit of spending. The solution is to reform the bloated, incomprehensible, 70,000-page tax code that was gifted to the people from our idiotic politicians. The next step is to unleash the creative power of the American people. After all, it’s an asset that has never failed us.
An analysis in late 2012 showed that, under Resident Obama, the government was cranking out 68 new regulations every day. This positions the government to ride on our backs rather than stand by our side. It pits government against the people it allegedly serves. It’s government’s job to inspire growth, not stifle it. The people must insist that we return to a pro-growth dynamic if we are to escape our crushing debt.
It’s easy to be a dictator. It’s hard to govern. That’s why I believe Resident Obama refuses to do the job he was twice elected to do. Where did Senator Obama go? Senator Obama was right. The buck stops with the president.
Today, Obama is shifting the burden of Washington’s bad choices onto the backs of my and your kids. America does have debt problem. We have been suffering from a lack of leadership these last five years. If Senator Obama’s rhetoric matched that of President Obama’s, he would be the leader we so desperately need.
Instead, he’s proven to be just another extreme left-wing, partisan, know-nothing, who’s interested in his own comfort and image over America’s well-being.