What follows below is the reposting of THE QUOTE OF THE DECADE.
The following is from a chain email called THE QUOTE OF THE DECADE.
“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
It was so nice of him to give us this great quote for posterity — SO, USE IT!
Only 86% will send this on; It should be a 100%.
Please send it on if only to one person.
Snopes.com attests to the authenticity of the quote. Then, of course, Snopes.com offers Obama’s excuse for his change of heart. Supposedly, Obama now realizes raising the debt ceiling would be a disaster, but would it? What if Obama is lying?
Some say If Congress Doesn’t Raise the Debt Ceiling, Nothing Disastrous Will Happen. Why would Obama say otherwise? Here is the reason. Obama does not want to just pay America’s bills. He wants to buy votes. Hence, somebody has introduced a bill.
Sen. Pat Toomey (R., Pa.) has introduced a bill designed to avert default by requiring the Treasury Department, if the debt limit hasn’t been raised, to prioritize the order that government bills are paid—giving precedence to interest payments, as well as to Social Security benefits and active-duty military pay. If there isn’t enough revenue on any given day to cover those priorities, Mr. Toomey’s bill also authorizes the Treasury Secretary to issue just enough additional debt to cover those costs.
That would take some of the sting out of the consequences of not raising the debt ceiling, Mr. Toomey said. (from here)
The Federal Government spends 4 trillion a year and borrows 40 percent of that money. Yet what does most of the news media want to talk about? The fact we are going broke? No. Instead of stopping runaway spending, the news media encourages us to give up our second amendment rights. For some reason we are suppose are suppose to give up our guns to the very same government we cannot trust to wisely spend our money.
Can the GOP win this contest? Dean Clancy thinks so. Check out CLANCY: How the GOP can win the shutdown.
The GOP can win the Obamacare shutdown standoff — by standing strong.
Despite what many inside the Beltway think, Republicans hold a strong hand, strong enough to make a policy victory quite plausible.
Of course, in the event a handful of nervous House Republicans emulate the English army at the Battle of Hastings and break ranks on the cusp of victory, the GOP will suffer a tragic rout that would be not only disastrous, but unnecessary.
News reports suggest a handful of “moderate” House Republicans, fearful that the current budgetary standoff will hurt them politically, are tempted to desert Speaker John A. Boehner and side with Democrats to push through a “clean” continuing resolution. A clean measure would fund the entire government for a few months, minus a provision to delay Obamacare for a year. The health care law takes full effect on Jan. 1. To date, the House has approved the delay twice. (continued here)
See for yourself whether Clancy’s argument holds water.
I would just note something rather odd. Our government gets more in tax receipts than it owes. Whereas any successful business would know how to cut expenses and pay just what it needs on what it owes (If we hit the debt ceiling, can Obama choose which bills to pay? (washingtonpost.com)), our government claims it cannot do that. Too complicated. If that is not gross incompetence and bad planning what is it? Nonetheless, these clowns insist upon running our healthcare and anything else they can get their grubby hands on.
- Dem cracks open in debt limit fight (politico.com)
- Full Faith and Credit Act: House Republicans’ Trump Card (breitbart.com)
- Obama’s reckless defaultfear-mongering (humanevents.com)
- Obama Does Not Rule Out Taking Action On The Debt Ceiling By Himself (businessinsider.com)