Obama on the debt ceiling in 2006. "Leadership Failure"

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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. … 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. -Obama 2006

Read more: http://www.businessinsider.com/obama-debt-ceiling-gun-control-press-conference-2013-1#ixzz2HyHignYr

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<a href="http://www.youtube.com/watch?v=ffKa5nxtYOU" target="_blank">http://www.youtube.com/watch?v=ffKa5nxtYOU</a>

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Obama on Congress:‘They Order Me to Spend’
 CNSNews ^

Posted on Monday, January 14, 2013 8:17:19 PM by Sub-Driver

Obama on Congress:‘They Order Me to Spend’ By Fred Lucas January 14, 2013

(CNSNews.com) – Explaining why he has no choice but to demand an increase in the legal limit on the national debt, President Barack Obama said at a Monday press conference that Congress orders him to spend money.

“This is a matter of Congress authorizes spending,” Obama said.

“They order me to spend," he said. "They tell me: ‘You need to fund our Defense Department at such-and-such a level. You need to send Social Security checks. You need to make sure that you are paying to care for our veterans.’ They lay all this out for me, and--because they have the spending power--and so I am required by law to go ahead and pay these bills.”

The current debt ceiling is $16.394 trillion, a number that President Obama and House Speaker John Boehner agreed to in August 2011, when they increased the previous limit by $2.4 trillion. The Constitution gives Congress the power to borrow money. So, the president cannot increase the debt of the United States unless Congress enacts legislation authorizing him to do so.

“Separately, they also have to authorize a raising of the debt ceiling in order to make sure that those bills are paid,” said Obama. “And so what Congress can’t do is tell me to spend X and then say, but we’re not going to give you the authority to go ahead and pay the bills.”


(Excerpt) Read more at cnsnews.com ...