This is President Obama (transcript):
And now, Speaker Boehner (Transcript):
Now, what does this mean?
It is all about Republican House is cleaning up the mess of the previous Democratic Congress'.
To forestall a debt ceiling debate, the Congress needed to pass Appropriations Bills, not Continuing Resolutions
FY2007 (Dem Congress)
FY2008 (Dem Congress)
FY2009 (Dem Congress + White House)
FY2010 (Dem Congress + White House)
FY2011 (Dem Congress + White House)
FY2012 (Rep House + Dem Senate + White House)
And here is what Senator Obama (D-IL) said about raising the debt limit in March 2006:
"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. That is ``trillion'' with a ``T.'' That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President's budget will increase the debt by almost another $3.5 trillion.
"Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we'll spend on Medicaid and the State Children's Health Insurance Program.
"That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.
"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. Despite repeated efforts by Senators CONRAD and FEINGOLD, the Senate continues to reject a return to the commonsense Pay-go rules that used to apply. Previously, Pay-go rules applied both to increases in mandatory spending and to tax cuts. The Senate had to abide by the commonsense budgeting principle of balancing expenses and revenues. Unfortunately, the principle was abandoned, and now the demands of budget discipline apply only to spending.
"As a result, tax breaks have not been paid for by reductions in Federal spending, and thus the only way to pay for them has been to increase our deficit to historically high levels and borrow more and more money. Now we have to pay for those tax breaks plus the cost of borrowing for them. Instead of reducing the deficit, as some people claimed, the fiscal policies of this administration and its allies in Congress will add more than $600 million in debt for each of the next 5 years. That is why I will once again cosponsor the Pay-go amendment and continue to hope that my colleagues will return to a smart rule that has worked in the past and can work again.
"Our debt also matters internationally. My friend, the ranking member of the Senate Budget Committee, likes to remind us that it took 42 Presidents 224 years to run up only $1 trillion of foreign-held debt . This administration did more than that in just 5 years. Now, there is nothing wrong with borrowing from foreign countries. But we must remember that the more we depend on foreign nations to lend us money, the more our economic security is tied to the whims of foreign leaders whose interests might not be aligned with ours.
"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 Obama (D-IL, March 16, 2006, FY2007)
So, was he lying then or is he lying now?
From many President Obama boosters, I keep hearing how he is playing "11 Dimensional Chess," which is a drugged out version of 3 Dimensional chess played on the USS Enterprise by Captain Kirk and Mr Spock:
|Kirk and Spock playing Three (3) Dimensional Chess|
Speaker Boehner and the tea party have already laid their cards upon the table. The Republicans want lower taxes and less debt. The tea party groups all wanted less Government intervention. Just like Senator Obama in 2006!
It seems while the Republicans are playing (one level) Chess, President Obama is playing Fizzbin.
Fizzbin? What is Fizzbin?!
In the episode where the Enterprise crew is on Sigma Iota II [on an episode called "A Piece of the Action,"], a world based on Chicago mobsters (my, my, they did predict the future), Kirk tried to fool his captors with a made up card game. Here is Kirk:
The House passed "Cut Cap and Balance," as a way of fixing the debt crisis. The Senate has yet to go to Conference with the House bill. Instead of asking Speaker Boehner, President Obama should ask where Senate Leader Reid has been!
If President Obama supports higher taxes and more spending, tell the public exact places this should be. He doesn't have to ask anything of the GOP or tea partiers, he needs to find his missing Senate Majority Leader.
Senator Reid is probably playing Fizzbin too, somewhere in the Capitol.
And as far as 11 dimensional chess? If the public was behind President Obama, he would not be raising funds for 2012 NOW. The public supports a leader, President Obama is not leading.
My question: Where is Senator Reid (D-NV)? And what taxes and spending does President Obama want?