Tuesday, January 15, 2013

First, He Was Against It...

President Obama was somewhat disingenuous Monday, in the last news conference of his first term in the White House, when he said, "Raising the debt ceiling  does not authorize us to spend more."

What it does do is acknowledge that the federal government will spend more, and that it won't have enough money.  It will have to borrow more money.  And to do that, Congress must raise the debt ceiling.

In the past, when Congress has raised the debt ceiling, the federal government has spent even more.  It has, as a result, had to borrow even more, making it necessary to raise the debt ceiling further.

This way lies madness...

At some point, it might occur to a reasonable man that it's time to stop the madness ...to break the cycle, by cutting spending.  Not just increasing spending by smaller and smaller amounts, but actually cutting spending.

Here's what then-Senator Obama said about raising the debt ceiling in 2006, when President Bush was in the White House:
"The fact that we are here today to debate raising America's debt limit is a sign of leadersip failure. It is a sign that the U.S. Government san't pay its own bills. It is as sign that we know depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies ...America has a debt problem and a failure of leadership. Americans deserve better."
The only things that have changed since then are the extent of our debt, which has almost doubled in the last four years ...and the man in the White House.  It is President Obama whose leadership has failed us.  And Americans still deserve better.

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