[Vision2020] Newer Hypocrisy

[Glenn Schwaller]

March 16, 2006 CONGRESSIONAL RECORD—SENATE S2237-2238: Mr. OBAMA.

"Mr. President, I rise today to talk about America’s debt problem.
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.  Over the past 5 years, our federal debt has increased by
$3.5 trillion to
$8.6 trillion  (we are where now???) . . . .  And the cost of our debt
is one of the fastest growing expenses in the Federal budget. This
rising debt is a hidden domestic enemy, robbing our
cities and States of critical investments in infrastructure like
bridges, ports, and levees;  robbing our families and our children of
critical investments in education
and health care reform; robbing our seniors of the retirement and
health security they have counted on.  Every dollar we pay in interest
is a dollar that is not going to
investment in America’s priorities. Instead, interest payments are a
significant tax on all Americans—a debt tax that Washington doesn’t
want to talk about.   If
Washington were serious about honest tax relief in this country, we
would see an effort to reduce our national debt by returning to
responsible fiscal policies.
But we are not doing that.

 . . .it took 42 Presidents 224 years to run up only $1 trillion of
foreign-held debt. This (Bush) administration did more than that in
just 5 years.  (Obama added 5.4 trillion in 4 years . . .)

. . . 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.  I therefore intend to
oppose the effort to increase America’s debt limit."

Wow - where can I sign to get rid of FOX news so they will stop
bringing such things to our attention . . .

GS