Another quiz: who said this?

[dixiegrrrrl]

"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."


Brownie points for when it was said.

[Drale]

1. You just did

:rofl:

[NYC_SKP]

2. Barack Obama 2006 (nt)

[dixiegrrrrl]

3. Most excellent.

I applaud your memory for dates ( always impressive, since I have no memory for them).

So, now that our President has now said ( a week ago)

"Failure by Congress to raise the U.S. debt limit "could plunge the world economy back into recession,"

thus supporting a debt ceiling increase, what am I to think?

[Angry Dragon]

4. Politics as usual??

Words are just changed to fit today.............

[NYC_SKP]

5. Two possibilities come immediately to mind:

A.) The president has information now that was not available to him as a senator back then and this has changed his mind;

B.) The global economic meltdown and mess is far worse than it was five years ago and this extreme tactic, though ordinarily undesirable, is warranted under the unusual current circumstances.

There could be a little of both but I am leaning toward "B".

:shrug:

If it was up to me I'd take Trump's advice from years ago and have a big ass one-time tax on the very top earners and pay off the debt entirely.

Then raise the cap on social security and create medicare cradle to grave for all Americans.

But that's just me.

[wickerwoman]

6. But to be fair,

the economic situation in 2011 =/= the economic situation in 2006.

I don't care if Obama raises the debt ceiling as long as the money is used on job stimulus, infrastructure, education, health care and the social safety net and not tax cuts for the rich, bailing out feckless fraudsters and war #4.

[Festivito]

13. And, everything Obama says here makes sense considering. /nt

[walldude]

7. You're not supposed to "think". Thats how they get

away with it.

:shrug:

[spin]

8. March 16, 2006 in a Senate floor speech to be exact. (n/t)

[patrice]

9. I'm confused. Someone please tell me why it matters when it's all debt, unless we all

start trading in precious metals, or precious stones, or real estate, isn't it all debt?

[RandomThoughts]

10. It being debt, allows for a percentage to be skimmed and given to bankers.

It moves money to those with assets, from tax payers.

[MichiganVote]

11. Boner

[dixiegrrrrl]

12. Actually, that quote is also close to what Paulson said about TARP.

sort of .."If you don't do A, then disaster B will happen".