Oh, I think he knew all too well what failing to raise the debt ceiling at that time would have meant. Are we really supposed to believe that he had no clue that defaulting on our debt obligations in 2006 would have had dire consequences? Please. If he was that naïve, he had no business running for President a mere year later and being elected 2 years later.<quoted text>
Obama admitted he was being naive at the time, so yeah... I'd call him "Buck Obama". The other difference is we weren't struggling to get out of a recession in 2006.
He can say what he wants to now, but he just sounds like a hypocrite to me. It's pure politics.<quoted text>"I think that its important to understand the vantage point of a Senator versus the vantage point of a President. When youre a Senator, traditionally whats happened is this is always a lousy vote. Nobody likes to be tagged as having increased the debt limit for the United States by a trillion dollars As President, you start realizing, "You know what? We we cant play around with this stuff. This is the full faith in credit of the United States." And so that was just a example of a new Senator, you know, making what is a political vote as opposed to doing what was important for the country. And Im the first one to acknowledge it."
Also, his comments ignore the fact that we wouldnt have to play around with the debt ceiling or have a fight if he would put something on the table in terms of cuts. He doesnt want to put anything on the table. He just wants to keep spending us into oblivion and expects Republicans to just go along with him.
Who said anything about drastic cuts, right now? How about we just start with some cuts? As of now, there are no cuts on the table to non-discretionary spending programs and he has never given any indication that he will ever be serious about cuts. Instead, Obama spent his whole campaign deceiving Americans and doing nothing except talking about taxing folks making over 250k, which is nothing more than sticking our finger in the dyke.<quoted text>Throwing dueling quotes won't change the fact that a sudden pull back on government spending is likely to kill any recovery we have. We need long term deficit reduction & it needs to include military spending as well as domestic programs. It also needs to include more revenue. Spending is high as percentage of GDP, but revenue is at a post WWII low as a percentage of GDP. Obama has said as much. The Tea Party is in denial about the cost of having a nation worth being a citizen of.
I'll say it again, every economist with any credibility has said we cannot get out of our debt situation with just tax cuts or just spending cuts. We need a combination of the two. We've already raised taxes a little bit (and we will need to raise them more). Now is the time for a little bit of spending cuts....