Dec. 5 (Bloomberg) -- President Obama discusses keeping debt ceiling negotiations separate from budget talks, in an address to the Business Roundtable.
Busted. The Deficit President speaks.
But in 2006, Senator Obama argued and voted against raising the debt ceiling.
- "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 can not 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."
Senator Barack Obama, March 2006
Senator Obama on the national debt in 2007:
This is a must watch.