Barack Obama, in his own words, called the raising of America's debt ceiling a sign of "leadership failure" back in 2006. The then Senator's exact words were: "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. ... I therefore intend to oppose the effort to increase America's debt limit."
The president has even gone so far recently as to acknowledge that his previous vote against the debt limit back in 2006 was "a political vote." Yet, at a news conference Monday, he urged lawmakers to boost the national debt limit without conditions: "We're going to have to make sure that people are looking at this in a responsible way, rather than just through the lens of politics." In other words, "do as I say, not as I did" and "I darn sure hope you're all as dumb as the American population who elected me to not see through my utter hypocrisy and own failed leadership?"
It is certainly kind of interesting how Obama has attempted to square his latest round of outright lies, for once, in words at least, attempting to distance himself from disingenuous political posturing.
In making his case (and likely trying his darnedest to get around that pesky Commerce Clause in the United States Constitution), Obama noted: "The debt ceiling is not a question of authorizing more spending. Raising the debt ceiling does not authorize more spending. It simply allows the country to pay for spending that Congress has already committed to."
Much like his smoke and mirrors b.s. during the fiscal cliff negotiations with Congress, Obama added that he was willing to have a "conversation" about reducing the deficit, but the debt limit was not the right vehicle. In other words, he is not interested in making concessions of any sort because he is Barack Obama, Time's two-time person of the year and Nobel Prize winner who is invincible to criticism, compromise or reality. To put this nation in the ground is his prime objective and he will stop at nothing until this is accomplished.
One could cite at length from the Obamination's 2006 speech about raising the debt limit, but these words about then President Bush's relatively circumscribed request to raise the debt ceiling are perhaps most telling when it comes to instantiating Obama's hypocrisy: "[Raising the debt limit] is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. Over the past five years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is 'trillion' with a 'T.' That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers."
When Obama took office in the midst of the Great Recession, the total national debt was $10.6 trillion; it is now $16.4 trillion. President Obama's policies have amassed more than five trillion dollars of debt Â— nearly as much debt held by the public as all other presidents combined. He can cite cleverly to "horses and bayonets" (or apples and oranges) till he's blue in the face, taking the sarcasm route as all weak individuals do, but what is one to make of his own actions and results as president?
Obama concluded the 2006 speech, stating that "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."
As the president and his Democratic supporters will continue to point their fingers at President Bush for being responsible for Obama's own reckless fiscal policies, the buck (much like the national debt) shows no sign of being held in check anytime soon.