"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. I therefore
intend to oppose the effort to increase America's debt limit."
~~ Senator Barack H. Obama, March 2006
Federal Debt under Obama increased by ~$9 TRILLION
That is an increase of over $65,000 per household
Current US Federal Debt
See the details at the U.S. Debt Clock.
(Hover over any value to see more info)
"We can't depend on Congress to discipline itself ... Fortunately, our
Nation's Founders gave us the means to amend the Constitution through
action of state legislatures ... That is the only strategy that will work.
"Unless we act and act quickly, the people in the White House
and those running Congress will bankrupt America."
-- President Ronald Reagan
"I predict future happiness for Americans if they can prevent
the government from wasting the labors of the people under
the pretense of taking care of them." — Thomas Jefferson