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Harry Reid on raising the debt ceiling in 2006:
“If my Republican friends believe that
increasing our debt by almost $800 billion today and more than $3
trillion over the last five years is the right thing to do, they should
be upfront about it. They should explain why they think more debt is
good for the economy.
How can the Republican majority in this
Congress explain to their constituents that trillions of dollars in new
debt is good for our economy? How can they explain that they think it’s
fair to force our children, our grandchildren, our great grandchildren
to finance this debt through higher taxes. That’s what it will have to
be. Why is it right to increase our nation’s dependence on foreign
creditors?
They should explain this. Maybe they can
convince the public they’re right. I doubt it. Because most Americans
know that increasing debt is the last thing we should be doing. After
all, I repeat, the Baby Boomers are about to retire
.
Under the circumstances, any credible economist would tell you we
should be reducing debt, not increasing it.Democrats won’t be making
argument to supper this legalization, which will weaken our country.
Weaken our county.”
.
Under the circumstances, any credible economist would tell you we
should be reducing debt, not increasing it.Democrats won’t be making
argument to supper this legalization, which will weaken our country.
Weaken our county.”
How can we forget this?
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.
Of Course, not to be outdone by this
Obama in 2008: Adding $4 Trillion to National Debt ‘Unpatriotic
(CNSNews.com) – Although the national debt under President Barack Obama has increased $4 trillion since he took office in 2009, as a presidential candidate in 2008 Obama criticized then-President George W. Bush for adding $4 trillion to the national debt, saying it was “unpatriotic” and also “irresponsible” to saddle future generations with such a large national debt.
“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents -- number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back -- $30,000 for every man, woman and child,” Obama said on July 3, 2008, at a campaign event in Fargo, N.D.
