An excerpt from Senator Barack Obama's speech delivered to the Senate on March 16, 2006:
"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."
Read the rest at: http://www.politico.com/blogs/joe-scarborough/2013/01/a-deficit-hawks-co...