"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."
"I therefore intend to oppose the effort to increase America's debt
limit."
--Senator Barack Obama, 2006
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