The Wall Street Journal noted today that "This week Congress will vote to raise the national debt ceiling by nearly $2 trillion, to a total of $14 trillion," going further on to state that the Democratic Congress and President Obama "have increased the budget by 50% and financed the spending with IOUs." And it's important to note that prior Republican leadership performed no better on deficit reduction and fiscal responsibility than the current Democratic leadership.
The article ends with a quote from then Senator Obama, during the 2006 debt-ceiling debate: "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 find myself in 100% agreement with Senator Obama on the national debt issue, and 100% in disagreement with President Obama on the same issue. Or, as John Kerry might put it, Obama was for fiscal responsibility before he was against it.
Wednesday, December 16, 2009
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