“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 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; '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 H. Obama, March 2006
