Keep in mind that President Obama, as a Senator, did worse than try to negotiate before raising the debt ceiling. He voted against raising it. And I quote….
“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.”
–Illinois Senator Barack Obama, 2006
Now to be clear, the VOR is not advocating not raising the debt ceiling, but I want to point out the hypocrisy of a man who was, is, and likely always will be, a charlatan.
Time to extend, negotiate, and for both sides to compromise. I predict both sides will.