Who wrote the following statement in 2006?
"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 politicians...Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt and a failure of leadership. Americans deserve better."
Who, you ask?
None other than the radical Marxist (Communist) illegal president, Barack Hussein Obama!
In 2006, just moments before he voted against raising against the the debt ceiling by less than $800 billion to the then -new limit of $8.965 trillion. Obama was then a U.S. Senator from Chicago, the most crooked city in America.
That's right (or should I say Left anti-America fraudulent president: Barack Hussein Obama!!!
As our nation's debt now approaches its current $14.29 trillion limit, now-president Obama is calling on Congress to increase the debt ceiling by $2.4 trillion. And most Americans rightfully ask: "How did this happen?" Recently we have seen our government debt grow by $3.4 trillion during the first 29 months of the Obama administration -- the equivalent of about $4 billion a day.
Foreign investors, including China, hold half our nation's $14 trillion debt, causing Admiral Mike Mullen, chairman of the Joint Chiefs of Staff, to call the national debt "the single biggest threat to our national security."
Last Congress, there was no budget, no spending plan and no final decision on funding levels for the whole fiscal year for the first time in modern history, according to New Jersey Republican Congressman Leonard Lance.
The years of fiscal mismanagement have resulted in a sputtering American economy in which the unemployment rate hovers above 9 percent and unprecedented uncertainty has made it harder for our nation's job creators to start and expand businesses.
"That's why I will oppose President Obama's request to increase our borrowing limit unless it includes a real plan to bring our fiscal house in order and meaningfully reduce the nation's unsustainable levels of spending, debt and deficits," Lance said.
This includes fundamental tax reform, meaningful spending reforms, substantial reductions in current spending and safeguards that will restrict future spending, such as a balanced budget amendment.
And most import, we must put politics aside and including important reforms to save Social Security, Medicare and Medicaid.
The fundamental issue confronting the American nation in the 21st Century is fiscal responsibility. If we do not get a handle on our federal debt and annual deficits, we will lose our leadership to some other place in the world, most likely China and India.
The nation is in peril. Will our children live in a diminished America, or will the promise of America that each generation the generation before it continue to exist?
That is the great issue confronting us in Congress.
(Gordon Bishop is a 'Who's Who in the World' national award winning author, historian, syndicated columnist and New Jersey's First "Journalist-of-the-Year"--1986/New Jersey Press Association, founded in 1845.)
