Posts Tagged ‘Debt’

President Obama, What is Your Plan? We’ve had divided government since January 2011, and thus far it has produced legislative stalemates and bitter recriminations. Why should we expect things to be any different this time around?

It’s easy for the president to talk about the need for a “balanced approach.” But a truly balanced approach would have to include major spending cuts and entitlement reforms. There’s nothing balanced about continuing to spend money we don’t have and piling up trillions of dollars in new debt. If the president is going to claim a mandate for governing, then he has a responsibility to offer a genuine solution to America’s fiscal challenges. Until he offers such a plan, his posturing over the deficit should not be taken seriously.

From Sen. John Cornyn: A road map for real bipartisan tax reform

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Senator Barack H. Obama, March 2006.

The Quote of the Decade:

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.”

(…it was so nice of him to give us this great quote for posterity!)

H/T Tom


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