Obama Wants Power to Raise Debt Limit By Himself, Anytime
Just a few short years ago, Obama said, “This rising debt is a hidden domestic enemy”
President Obama wants to do away with Congress when it comes to raising the country’s legal debt limit. Instead of getting permission from the people’s elected representatives to borrow and spend more money, he wants to do that all by himself.
It seems typical of the President Obama we know, but just a few years ago, he spoke vehemently against putting America in debt. Here is then-Senator Barack Obama on March 16, 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.More...
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