Jul 27, 2011

Onto the Backs of our Children and Grandchildren

 “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 cannot 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.”

 -- Senator Barack H. Obama, March 2006