“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.”
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~ Senator Barack H. Obama, March 2006
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