President Obama has now requested that the Senate raise the debt cap beyond $12 trillion, something he specifically voted against doing in 2006 as he chided President Bush for exploding deficits. The issue drips with irony so lets just dive in. As with everything Obama tries to do, this is an “emergency” so we can’t ask questions about it, we have to just pass it and only examine it’s failure at a later time.
The Hill reports:
The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October, a move viewed as necessary despite protests about the record levels of red ink.
The move will highlight the nation’s record debt, which has been central to Republican attacks against Democratic congressional leaders and President Barack Obama. The year’s deficit is expected to hit a record $1.6 trillion.
Democrats in control of Congress, including then-Sen. Obama (Ill.), blasted President George W. Bush for failing to contain spending when he oversaw increased deficits and raised the debt ceiling.
“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”
Obama later joined his Democratic colleagues in voting en bloc against raising the debt increase.
Now Obama is asking Congress to raise the debt ceiling, something lawmakers are almost certain to do despite misgivings about the federal debt. The ceiling already has been hiked three times in the past two years, and the House took action earlier this year to raise the ceiling to $13 trillion.
Once again, I’ll ask Democrats whether they actually cared about the national debt, which was at fractional levels of the current debt, or they were simply attacking Bush out of opportunism. We know it’s the latter since liberals are sitting silent while President Obama shifts “the burden of bad choices today onto the backs of our children and grandchildren.”
So back when President Bush was bloating our deficit, he was “shifting the burden of bad choices today onto the backs of our children and grandchildren,” however, when President Obama does it, we’re supposed to call it “stimulus” and “recovery,” though it has done neither.
Unfortunately the day will come when America must answer for the obscenity of overspending, hopefully it will not come on the backs of our children and grandchildren as President Obama drives the debt astronomically higher every single day. This on the very day President Obama delivered a speech to the very children he is shifting the burden of his economic failure to.
In a related story, China has begun running some numbers through the calculator and they seem pretty disturbed by Obama’s reckless incompetence with regard to economic policy. Yes, that’s correct, the communist Chinese are now more fiscally responsible than President Obama.