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 2006
He voted against the debt limit increase in 2006.
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