FLASHBACK: What Obama Said About the Debt Increase in 2006

Obama is completely and shamelessly unprincipled. He will say whatever is expedient at the time.

Here is damning proof from a podcast he delivered in 2006:

March 16, 2006

We are voting on the budget today. It’s a sad state of affairs. We just voted to increase the debt limit; the U.S. total debt, at this point exceeds eight trillion dollars, that’s eight trillion, with a “t.” So, we’ve got to get our fiscal house in order here in Washington. I’m not sure it’s going to happen under the current leadership in Congress. We’re going to see what kind of difference we can make to make sure that veterans’ programs, student loan programs, low income housing assistance programs, homeland security dollars are receiving the highest priority, not just tax cuts for the wealthiest 0.1 percent of the population.

And again on the Senate floor:

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.

Verum Serum breaks down “The One’s” galling hypocrisy:

This little lecture, remember, came after the Senator had the political fortitude to vote against the debt limit increase.  Six trillion dollars in deficit spending later, after 2-1/2 years as president, and 4 years of majority rule in Congress by his party, Barack Obama is once again trying to portray himself as the adult in the room in dealing with the current debt limit crisis. He shouldn’t be allowed to get away with this. Because America has had the opportunity to see what kind of difference he and his party have made, and it has been utterly disastrous.

He told us exactly what his priorities were, but too few were paying attention. It was always spending – and more spending. To the spending “priorities” he listed above we can add: government healthcare, auto industry bailouts, public sector unions, green jobs, Fannie/Freddie, wine trains, robotic bees, and apparently even guns for Mexican cartels. Billions upon billions of dollars of net new spending for virtually no lasting economic benefit, and at a price tag of nearly $4 trillion in additional debt just since he entered office.

It is a sad state of affairs, and its preposterous that the person chiefly responsible for this explosion in deficit spending should have any credibility in crafting the solution. It’s even sadder that a genuine debt reduction plan is not even being discussed. At best it looks like there may be a deal for a $4 trillion reduction in the total amount of deficit spending over the next decade, which means we are still likely to add at least another $6-8 trillion in additional debt over this period.

At some point this profligate spending simply has to end. Hopefully with the election of a more responsible Administration next year, but it seems increasingly likely that its going to take another serious financial crisis to force a solution.

No, Obama is certainly not the adult in the room, but he is the Marxist in the White House.

2012 can’t get here fast enough!

Save Us, Sarah!

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I'm a mother of three, and devoted Palin blogger.

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