President Obama has taken an admirable stand for fiscal austerity, and blasted attempts to yet again raise the debt ceiling, which currently stands at $14.3 trillion (with a T) - or roughly the GDP of the United States. Said the president:
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.
Just kidding. That
|Liveleak on Facebook|