Back in 2006 when a GOP Congress was debating raising the U.S. Debt Ceiling, Senator Barack Obama said this;
“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. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.
“And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.
“Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities. Instead, interest payments are a significant tax on all Americans–a debt tax that Washington doesn’t want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible 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.”
And the Keynesian Bush administration, which spent MORE (even adjusted for inflation than LBJ did on reckless social spending) DID indeed OVERSPEND...but the same critique holds true today...especially for a President who ran on TAX CUTS and CUTTING DEFICITS and REDUCING the National Debt and delivered a record $1.6 TRILLION Deficit his very first YEAR!
We DO deserve better. We both NEED and DESERVE more Liberty (individual responsibility and control) and economic freedom (a LESS regulated market).
The question is, “When are we going to get the Liberty, especially the economic freedom we all need?”
