Barack Obama: America has a debt problem

President Obama A_thb

by NW Spotlight

President Obama has flip-flopped on raising the debt ceiling, and he no longer appears to care that Washington is putting this debt, in his words, “onto the backs of our children and grandchildren.”

Back in March 2006, then Sen. Barack Obama voted against raising the debt ceiling, stating “The fact that we’re here today to debate raising America’s debt limit is a sign of leadership failure. Leadership means ‘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. I therefore intend to oppose the effort to increase America’s debt limit.”

US Debt 2006 vs 2013

Now that the national debt is DOUBLE what it was in March 2006, President Obama is criticizing Republicans in Congress for not supporting yet another increase in the debt limit, saying that “We are not a deadbeat nation,” and claiming that an increase to the borrowing limit is not an increase in spending.

So apparently President Obama thinks it was OK for him to vote against raising the debt limit when it was $8.2 trillion, but it’s NOT OK for Republicans to vote against raising the debt limit now that it’s DOUBLE that – $16.4 trillion?

NOTE: President Obama has been in office for four years now, since January 2009, and Democrats have controlled the U.S. Senate since 2007 and also controlled the U.S. House for four years from 2007 through 2010.


U.S. 2006 Debt of $8.2 trillion
U.S. 2013 Debt of $16.4 trillion

[h/t Ross Harke]

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Posted by at 05:00 | Posted in Federal Budget, President Obama | 31 Comments |Email This Post Email This Post |Print This Post Print This Post
  • valley person

    Our children and grandchildren owe the debt, but they also for the most part own the debt. And, the means to pay the debt is a full employment, highly productive economy and you can’t get that by cutting education and infrastructure investment.

    • 3H

      Perhaps we could pay a lot less for disaster relief. It’s an entitlement after all, and it is the individuals responsibility to be completely prepared for any natural disaster. Why should the government be involved in helping citizens in a time of emergency and need?

      • David from Mill City

        Sometime in the next 50 years Oregon can expect an earthquake in the 10+ range. When it happens, destroying almost every bridge, dam, overpass and building in the state, we too will need the help of the whole nation to recover.

        • 3H

          Yes, but be sure to say “please” when you ask John Charles for the money. He’s the one that considers it an entitlement. (Sarcasm does not always show up very well in posts – that is what my comment was).

          • David from Mill City

            You are right about the Sarcasm, I missed it. Sorry about that.

          • 3H

            LOL.. not a problem. It doesn’t always come through in posts.

    • David from Mill City

      Depending on what the money was spent on, our children and grandchildren may still be using the items built. We are still enjoying the benefits of WPA and CCC projects built in the late 1930s, the Interstate Highway System and the Rural Electrification Program. And locally we have relatively low electric rates because of the Bonneville System.

      • valley person

        Unfortunately most of the government money being spent today is not buying a productive future. But…about half goes to the parents and grandparents of younger persons, and if you cut that back those same younger persons might have to house and feed their elderly relatives like in the old days. That would be cost shifting, not cost savings.

        The irony is that the elderly will continue to get paid because they vote, and the investments in the future will get shorted unless we wake up.

  • DavidAppell

    The data clearly shows that we have a revenue problem, exacerbated by a temporary spending problem due to the Great Recession, which Obama is bringing under control:

  • David from Mill City

    To start with as a nation we have a jobs crisis not a debt crisis and that is what we need to work on now.

    As to the debt ceiling, Congress authorized all those expenditures. That is Congress’s debt not the President’s. If they don’t want the debt to increase then do not authorize the spending that will cause the debt to go up or raise taxes to meet the cost.

    To put it in more human terms, you stop increasing your credit card debt by not using the card, not by refusing to make your monthly payment.

  • Curt Miles

    We don’t have a debt problem in this country. We have a DUMBASS problem, named obama

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