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February 9, 2011 / J. Shaw

Remember when Obama,Reid,Dems voted against Raising Nat Debt

How did conservatives forget the quotes by Obama,Reid as they rallied against raising the national debt years ago. Prominent Dems-See List-even voted against raising the debt ceiling. And now when confronted on their past attitude on the debt are using the old Hillary Clinton investigation responses “I don’t remember, I don’t recall.”SHAW

Article:KARL ROVE: Head Snapping Hypocrisy From Reid and Obama On the Debt Ceiling

Senator Majority Leader Harry Reid has recently attacked Republicans over the upcoming vote on raising the debt ceiling, saying, “We can’t back out on the money we owe the rest of the world. We can’t do as the Gingrich crowd did a few years ago, close the government.”The problem is neither Senator Reid nor President Obama has any moral standing to lecture Republicans about the irresponsibility of voting against the debt ceiling, because unfortunately for them, they voted against raising the debt ceiling in 2006.

Senator Reid joined Treasury Secretary Timothy Geithner, who on behalf of the Obama administration warned Republicans that, “Failure to increase the limit would be deeply irresponsible.”

At the time, Reid said:

“If my Republican friends believe that increasing our debt by almost $800 billion today and more than $3 trillion over the last five years is the right thing to do, they should be upfront about it. They should explain why they think more debt is good for the economy.

“How can the Republican majority in this Congress explain to their constituents that trillions of dollars in new debt is good for our economy? How can they explain that they think it’s fair to force our children, our grandchildren, our great grandchildren to finance this debt through higher taxes. That’s what it will have to be. Why is it right to increase our nation’s dependence on foreign creditors?

“They should explain this. Maybe they can convince the public they’re right. I doubt it. Because most Americans know that increasing debt is the last thing we should be doing. After all, I repeat, the Baby Boomers are about to retire. Under the circumstances, any credible economist would tell you we should be reducing debt, not increasing it. Democrats won’t be making argument to supper this legalization, which will weaken our country. Weaken our county.”

When Senator Reid was recently asked by NBC’s David Gregory about the conflict between his 2006 and 2011 statements, Reid replied, “I don’t really know what vote you’re talking about.”

Then there is Senator Obama’s March 16, 2006 speech on the Senator floor, in which he described raising the debt limit in terms I suspect he wishes he’d never said:

“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.”




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