Lest we forget:

“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 cannot 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 Hussein Obama, March 2006