A reader alerted me to something a Senator B. Obama said in 2006 when, during a Republican administration, a Republican Congress was considering raising the debt ceiling. I googled the expression and found it here:
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. … 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.
Since uttering those words, that Senator has risen to become President of the United States. And under his leadership, federal debt increased at a faster pace than under the much-maligned George W. Bush.
You’re right, Mr. Obama, Americans do deserve better. At the time, you made that statement, federal deficits had been declining. And now they’ve skyrocketed. Guess the buck doesn’t stop with you, given that we haven’t seen your plan end our Government’s reckless fiscal policies.