Five years ago, a new U.S. senator from Illinois (OWEbama) voted against raising the limit on how much debt the federal government could issue. He said it would be a " big mistake ".
“Increasing America’s debt weakens us domestically and internationally,” the senator said at the time. “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.” Read the senator’s full remarks.
President Barack Obama, as it turns out, now believes his vote in 2006 was a mistake, according to White House spokesman Jay Carney.
Seriously!?!
Seriously!?!
raising the debt ceiling is so important to the health of this economy and the global economy
But what about the children and the grandchildren B?
I guess we just continue with our Ponzi scheme and hope all our creditors don't all cash out at the same time.
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