In March 2006, then-Sen. Barack Obama, D-Ill., found the notion of raising the debt ceiling quite distasteful.
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure,” he said. “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. … 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 and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.”
He did. It passed narrowly – by a vote of 52-48.
hmmm, he said leadership failure. that's odd, who knew obama was a seer.