- Feb 23, 2005
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Here we go again. This is turning out to be a semi-annual event. I wonder of the senate has ever heard of expense reduction?
Senate must raise debt ceiling above $12T
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.
(Here's my favorite quote)
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...
I havent agreed with Obama any more than his statement here. Almost prophetic.
Senate must raise debt ceiling above $12T
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.
(Here's my favorite quote)
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...
?America has a debt problem and a failure of leadership.
I havent agreed with Obama any more than his statement here. Almost prophetic.