In 2006 Obama said raising debt limit is a sign of leadership failure, increasing our reliance on foreign countries, passing bad choices to our children

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4/11/2011, "Obama 2006 vs. Obama January 2011 vs. Obama April 2011 on the Debt Ceiling," ABC News, Nick Gass

"In March 2006, then-Sen. Barack Obama, D-Ill., found the notion of raising the debt ceiling quite distasteful.

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure,
” he said. “It is a sign that the U.S. Government can’t 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....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 and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.”
He did. It passed narrowly – by a vote of 52-48."

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1/15/2013, "Annotating Obama’s 2006 speech against boosting the debt limit," Washington Post, Glenn Kessler

"“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.”
 
— Then-Sen. Barack Obama, floor speech in the Senate, March 16, 2006"...



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