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Obama Opposed Raising the Debt Ceiling in 2006 - His Speech |
No Dhimmi
User ID: 46797006 United States 10/27/2013 09:55 AM
Report Abusive Post Report Copyright Violation | Obama Opposed Raising the Debt Ceiling in 2006 - His Speech March 16, 2006 CONGRESSIONAL RECORD—SENATE S2237-2238: Mr. OBAMA: "Mr. President, I rise today to talk about America’s debt problem. 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. Over the past 5 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. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion. Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America. And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities. Instead, interest payments are a significant tax on all Americans—a debt tax that Washington doesn’t want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible fiscal policies. But we are not doing that. Despite repeated efforts by Senators CONRAD and FEINGOLD, the Senate continues to reject a return to the commonsense Pay-go rules that used to apply. Previously, Pay-go rules applied both to increases in mandatory spending and to tax cuts. The Senate had to abide by the commonsense budgeting principle of balancing expenses and revenues. Unfortunately, the principle was abandoned, and now the demands of budget discipline apply only to spending. As a result, tax breaks have not been paid for by reductions in Federal spending, and thus the only way to pay for them has been to increase our deficit to historically high levels and borrow more and more money. Now we have to pay for those tax breaks plus the cost of borrowing for them. Instead of reducing the deficit, as some people claimed, the fiscal policies of this administration and its allies in Congress will add more than $600 million in debt for each of the next 5 years. That is why I will once again cosponsor the Pay-go amendment and continue to hope that my colleagues will return to a smart rule that has worked in the past and can work again. Our debt also matters internationally. My friend, the ranking member of the Senate Budget Committee, likes to remind us that it took 42 Presidents 224 years to run up only $1 trillion of foreign-held debt. This administration did more than that in just 5 years. Now, there is nothing wrong with borrowing from foreign countries. But we must remember that the more we depend on foreign nations to lend us money, the more our economic security is tied to the whims of foreign leaders whose interests might not be aligned with ours. 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.I therefore intend to oppose the effort to increase America’s debt limit” [ link to www.gpo.gov] [ link to www.washingtonpost.com] Last Edited by No Dhimmi on 10/27/2013 10:00 AMALL relevant scriptures that include a time factor prove no pre-trib rapture. Over 50 verses! Kindle Edition only 99 CENTS! Biblical Eschatological “Time-Stamps” Relevant to the Last Day/Days (Amazon) |
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Elsabiades..
User ID: 719104 Puerto Rico 10/27/2013 10:05 AM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech I lost count on the number of lies he has told years ago.... Elsabiades.. |
Matrix User ID: 41733625 Australia 10/27/2013 10:16 AM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech Leaders don't fix problems not of their making they create problems and then fix them. Its like a arsonist that goes around lighting fires then puts on the fire fighters uniform and puts them out for the cries of being a hero, while the real dangerous fires that should get the attention are ignored to burn because of these glory seeking distractions all the time. While Nero fiddles Rome burns! |
Anonymous Coward User ID: 46053805 United States 10/27/2013 10:17 AM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech Standard Operating Procedure... most politicians lie to get into office then do what they want. |
VeraFromChorley
User ID: 48976629 United Kingdom 10/27/2013 10:56 AM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech |
Anonymous Coward User ID: 49006554 United States 10/27/2013 11:15 AM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech obama is an ass clown |
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Southern Norseman
User ID: 10841566 United States 10/27/2013 11:20 AM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech Its only dumb and irresponsible when its not his party seeking to do it. Gotta keep that Hope and Change alive. LOL "Cattle die, kinsmen die; the self must also die. I know one thing which never dies: the reputation of each dead man."
- Hávamál, st. 77 |
Anonymous Coward User ID: 13148801 United States 10/27/2013 11:33 AM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech The debt ceiling will always have to be raised. Our monetary system is setup that if you don't it will fail. That's why it's a joke when the start to debate it. They already know that they will. |
Iron.
User ID: 49012191 United States 10/27/2013 12:35 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech This Bolshevik usurper will just mold into any political viewpoint that suits furthering his and his handlers agenda. 'Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views" - William F Buckley Jr |
davvi
User ID: 3677166 United States 10/27/2013 12:37 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech In a nut shell this is what the asshole said...
:106 two face:
5* for you my friend... |
Paved In Chaos
User ID: 43325367 United States 10/27/2013 12:45 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech Soo, Obama has lied to us? |
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Anonymous Coward User ID: 16213727 United States 10/27/2013 12:58 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech And we all know that the media has thrown that video from their archives, into the furnace. |
davvi
User ID: 3677166 United States 10/27/2013 01:11 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech Soo, Obama has lied to us? Quoting: Paved In Chaos He has never told us the truth and the media ignores his deception. |
Alpacalips
User ID: 47742595 United States 10/27/2013 01:25 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech 5 stars |
Anonymous Coward User ID: 48818214 France 10/27/2013 01:51 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech One can only be against, but what other solution ? |
Anonymous Coward User ID: 38195380 United States 10/27/2013 01:58 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech Hope and change baby!!! |
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davvi
User ID: 3677166 United States 10/27/2013 02:21 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech One can only be against, but what other solution ?
Quoting: Anonymous Coward 48818214 There is a solution to our problem, and it is called the US Constitution. We need to strip this country of every vestige of socialism, reject collectivism and get back to individual responsibility. What are the chances of people voting against "free stuff" for themselves? For the mental midgets who support democrats and Obama ask them to compare freedom with free stuff and because they are incapable of anything but group think they will choose free stuff over freedom every day of the week... We are lost... |
Falter User ID: 48496507 Sweden 10/27/2013 02:28 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech Aaw, when you all believed and cheered at him ;) |
Anonymous Coward User ID: 49018722 Thailand 10/27/2013 03:07 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech Taqiyya‎. |
Anonymous Coward User ID: 49018722 Thailand 10/27/2013 03:08 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech ...without the "‎". ?WTF? |
Anonymous Coward User ID: 32074007 United States 10/27/2013 03:16 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech :dankedanke: |
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Anonymous Coward User ID: 49018722 Thailand 10/27/2013 03:24 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech He was lying then. He's lying now. |
Anonymous Coward User ID: 534845 United States 10/27/2013 03:29 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech |
Anonymous Coward User ID: 39796034 United States 10/27/2013 03:32 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech What part of Hypocrite do you not understand? |
davvi
User ID: 3677166 United States 10/27/2013 04:16 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech Aaw, when you all believed and cheered at him ;)
Quoting: Falter 48496507 It wasn't us who crawled around on our bellies in front of the anti-American, anti-Western European bustard, I seem to recall that it was Europe and Britain who couldn't get enough of him and who feted and fawned over him as if he was something other than a left wing loser. Presidents who have actually respected you and your culture, conservative people in this country who actually share European DNA you abuse and shit all over and yet this person who hates you gets a European hero's welcome from you... I don't give a damn how he disrespects you or how much crap he kicks in your face...you deserve it... |
Anonymous Coward User ID: 46813305 United States 10/27/2013 05:00 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech
Soo, Obama has lied to us? Quoting: Paved In Chaos He has never told us the truth and the media ignores his deception. Quoting: davvi So do the sheeple. |
Anonymous Coward User ID: 49024544 United States 10/27/2013 05:15 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech Aaw, when you all believed and cheered at him ;)
Quoting: Falter 48496507 yes, we put a total lying psychopath in charge of thermal nuclear weapons and they are pointed all over the world. how does that make you feel? |
Anonymous Coward User ID: 49001787 United Kingdom 10/27/2013 05:45 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech politicians lie.
next? |
Falter User ID: 48496507 Sweden 10/27/2013 06:14 PM Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech Aaw, when you all believed and cheered at him ;)
Quoting: Falter 48496507 yes, we put a total lying psychopath in charge of thermal nuclear weapons and they are pointed all over the world. how does that make you feel? Quoting: Anonymous Coward 49024544 Something to look forward to |
No Dhimmi (OP)
User ID: 15737193 United States 10/28/2013 11:53 AM
Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech Interesting shillery here - got this red karma: Stop pinning obama crap, it's not even relevant. So . . . just how is this not relevant? Pres O does a 180 on the issue of the debt ceiling? Shill much? ALL relevant scriptures that include a time factor prove no pre-trib rapture. Over 50 verses! Kindle Edition only 99 CENTS! Biblical Eschatological “Time-Stamps” Relevant to the Last Day/Days (Amazon) |
No Dhimmi (OP)
User ID: 46797006 United States 10/28/2013 07:52 PM
Report Abusive Post Report Copyright Violation | Re: Obama Opposed Raising the Debt Ceiling in 2006 - His Speech 5 stars Quoting: Alpacalips Thank you! ALL relevant scriptures that include a time factor prove no pre-trib rapture. Over 50 verses! Kindle Edition only 99 CENTS! Biblical Eschatological “Time-Stamps” Relevant to the Last Day/Days (Amazon) |
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