The current war cry from the left is that it is irresponsible to not raise the debt ceiling, that it would cause the US to default on its debt, cause the US credit rating to be downgraded, cause public employees to miss paychecks, maybe even stop payments to Social Security and Medicare. Dire straits. There may be some merit to those claims.
However, the man leading the fight against compromise, the man determined to veto Cut, Cap and Amend, Barrack Obama, voted against raising the debt limit in 2006 when he was Senator.
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. … 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.
At the time, Senator Obama was urging Congress not to tolerate an increase that would bring the debt ceiling to $9 trillion. Under President Obama, the debt ceiling has been raised to $14.3 trillion. Even without counting most unfunded liabilities, the national debt is now calculated to be nearing $14.1 trillion. It increases about $4.22 billion per day (each citizen’s share stands at roughly $45K). Thus, Democrats will soon demand that the debt ceiling be raised, lest the sky fall. When they do, they will be asking for a significant boost in a ceiling that is already 60 percent higher than the one Barack Obama said was “a sign of leadership failure” five years ago.
To paraphrase Ohio Joe, the Senate republican leadership needs to grow a pair, go on the airwaves, and lay all the blame for this impending disaster squarely where it belongs, in Barrack Obama's lap. If all these prophecied woes come to pass, it is his fault.
Fight gosh dangit!