Obama called $9 trillion in debt “fiscally irresponsible” and “unpatriotic.” He said “that is money we’re all going to have to pay back.” Yet the national debt under Obama spending has almost doubled already to over $17 TRILLION and is set to reach over $20 TRILLION by the time he leaves office. His is truly “the most fiscally irresponsible administration we have ever seen.”
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. .. 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.” — Barack Obama
“Rather than fight the same tired battles that have dominated Washington for decades, its time to try something new. Let’s invest in our people without leaving them a mountain of debt.” — President Barack Obama on his Office of Management and Budget website.
“There are 10^11 stars in the galaxy. That used to be a huge number. But it’s only a hundred billion. It’s less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.” — Richard Feynman
“Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money,by issuing government bonds, to finance welfare expenditures on a large scale.” — Alan Greenspan
Then Secretary of State Hillary Clinton told the Council on Foreign Relations that our national debt is a national security risk echoing previous statements by Joint Chiefs Chairman Admiral Mullen, head of U.S. intelligence — Dennis Blair, and all of America’s intelligence agencies.
In 1964 GOP Senator Dirksen warned about Democrats being “prone to spend money .. when it’s rather doubtful whether or not it is good for the country and for the interests of the people. Because you pile up your national debt. You pile up the interest. You pile up these staggering deficits that we have at the present time. And that spends itself in terms of higher interest rates, higher prices in the stores where people shop. And so the evil effects always fall upon the people back home.”
But Obama won’t negotiate.
“Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people” — Wendell Phillips quotes (American Abolitionist and Orator whose eloquence helped fire the antislavery cause during the period leading up to the American Civil War. 1811-1884)
“The fact is, we’ll never build a lasting economic recovery by going deeper into debt at a faster rate than we ever have before. It took this nation 166 years until the middle of World War II to finally accumulate a debt of $95 billion.” — Ronald Reagan
“I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.” — Alan Greenspan
“After the $700 billion bailout, the trillion-dollar stimulus, and the massive budget bill with over 9,000 earmarks, many of you implored Washington to please stop spending money we don’t have. But, instead of cutting, we saw an unprecedented explosion of government spending and debt, unlike anything we have seen in the history of our country.” — Michele Bachmann
“Blessed are the young for they shall inherit the national debt.” — Herbert Hoover
“Many respected economists and statesmen believe our national debt is neither unwieldy nor a dangerous burden on the country. The trouble is that a vast majority of the American people think otherwise…. It violates basic American ideas of thrift and money management. These strong public feelings cannot be ignored forever.” — Morris K. Udall
“The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own.” — John Adams
“A politician cannot spend one dime on any spending project without first taking that dime from the person who earned it. So, when a politician votes for a spending bill he is saying that he believes the government should spend that particular dollar rather than the individual who worked for it.” Neal Boortz.
Also please consider:
O’ministration Encourages Illegals to Get food Stamps – in Mexican Embassy! – 2 Food Stamp Recipients Per Job Created
Bringing Down America: Former Domestic Terrorists Now Teach, Practice Law and Push the Same Old Leftist Agenda
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