Senate Minority Leader Mitch McConnell delivers a devastating speech on the floor of the Senate calling out Obama for threatening to veto the Boehner plan should it make it to his desk. Well, actually, Obama isn’t even willing to make the threat himself and is instead hiding behind the skirts of some unnamed advisers. This is nothing but a completely transparent attempt on Obama’s part to shift any blame for a veto to someone other than himself should it actually come to that.
But McConnell correctly calls Obama out as being willing to veto the country into default, an action that he himself has described as having devastating consequences for not only the U.S. but the entire world, all for purely partisan political purposes. So Obama apparently cares more about his own chances for re-election than he does for the good of the country. Being a Liberal, I am not surprised.
Well, I have to agree with the primary sentiment of the following editorial: Obama is a failed leader by his own words. As a Senator he denounced the need to raise the debt ceiling as “a failure of leadership.” I can’t agree more.
June 12 Daily News Editorial
Politicians must despise the Internet.
It took all of 10 seconds to find then Sen. Barack Obama’s 2006 comments about raising the debt ceiling. Speaking as the junior senator from Illinois, Obama said, “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.”
Well, now it’s 2011 and President Obama wants the debt ceiling raised above its current level of $14.3 trillion.
Most of those polled see through Bernanke’s and Geithner’s hysterics. As Sen. Pat Toomey, R-Pa., told MSNBC on Wednesday, “If we were never to raise the debt limit at all, the Treasury would still take in 70% of all the money they planned to spend in the form of tax revenue,” which is “more than 10 times the revenue needed to avoid a default.“
Toomey explained that while a partial government shutdown would occur if the debt ceiling were not raised, the catastrophe of a default wouldn’t take place.
This just goes to show the depths to which the Obama Administration will go. They are claiming that failing to raise the debt ceiling automatically means the US will Default on its debt obligations. This is just plain Bovine Excrement as Pat Toomey correctly points out.
