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Subject Obama wants action on government's borrowing limit

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Original Message SENATOR BARACK HUSSEIN OBAMA, MARCH 2006

"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 US Government cannot 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."

Obama wants action on government's borrowing limit 2013

[link to hosted.ap.org]

But he said he will not compromise over his insistence that Congress lift the debt ceiling. The nation's credit rating was downgraded the last time lawmakers threatened inaction on the debt ceiling, in 2011.

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