Senate must raise debt ceiling above $12T
The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October, a move viewed as necessary despite protests about the record levels of red ink.
The move will highlight the nation’s record debt, which has been central to Republican attacks against Democratic congressional leaders and President Barack Obama. The year’s deficit is expected to hit a record $1.6 trillion.
Democrats in control of Congress, including then-Sen. Obama (Ill.), blasted President George W. Bush for failing to contain spending when he oversaw increased deficits and raised the debt ceiling.
“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”
Obama later joined his Democratic colleagues in voting en bloc against raising the debt increase.
Well, isn't that interesting... when it was Pres. Bush and the debt ceiling needed to be raised... Obama fought against it. He said it was a failure of leadership. It was shifting the burden of bad choices onto the backs of our children and grandchildren.. but now??? Now we have to do it again.. and in fact, still pass even more spending bills, such as health care bills.
And for the record.. I was opposed to Pres. Bush's wild spending and expanding of entitlements.. although I was not opposed to military spending. Military spending is one of the only things provided for in the Constitution... the federal government is to provide for our defense. I realize thinking individuals can disagree on the war in Iraq but military spending is at least in the Constitutional role of the federal government. This ongoing spending and growing of federal government is AGAINST the Constitution and must be stopped.
It is interesting how one's perspective changes once one is in power. Isn't it?
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