Sunday 31 July 2011

100 years ago today...

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.
Senator Barak Obama on March 16, 2006 speaking against raising America's debt ceiling to $8.965 trillion.

Hat tip: Gary North at LewRockwell.com

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