Blog: President Obama on the Debt Ceiling
Statement
Issues: Government Budget and Spending
Some interesting quotes from then-Senator Obama on the Senate floor on March 16, 2006.
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure."
"I therefore intend to oppose the effort to increase America's debt limit."
"Interest payments are a significant tax on all Americans - a debt tax Washington doesn't want to talk about."
"Increasing America's debt weakens us domestically and internationally. Leadership means that "the buck stops here.'"
Source