By Bob Parks ——Bio and Archives--January 4, 2011
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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. America has a debt problem and a failure of leadership. Americans deserve better. — Senator Barack Obama, 2006That was then…
I don’t see why anybody’s playing chicken with the debt ceiling. If we get to the point where we damage the full faith and credit of the United States, that would be the first default in history caused purely by insanity. — Austan Goolsbee, White House Council of Economic Advisers, 2011
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Bob Parks is a is a member/writer of the National Advisory Council of Project 21. Bob’s websites are Black & Right and youtube.com/BlackAndRight