"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."~ Senator Barack H. Obama, March 2006
The above quote comprises two excerpts from a long speech delivered by Barack Obama during a Senate debate over raising the national debt limit on March 16, 2006. Along with his entire party, then-Senator Obama voted against the increase, which passed nonetheless with overwhelming Republican support.
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