Tag Archives: fiscal cliff

Obama Debunked Himself on the Debt Limit Too

Barack Obama gave a strongly-worded speech in 2006 in which he denounced increasing the national debt limit.

In his own words then:

“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…” Continue reading

Obama Debunks Himself (Fiscal Cliff)

The Obama of 2011 preemptively debunked the Obama of 2012 in this speech:

On July 22nd, 2011 Obama said we could increase government revenue without raising taxes. He said we could raise an additional $1.2 trillion in revenue by cutting back on deductions and closing certain loopholes.

Fast forward to November, 2012. In a news conference, Obama takes the exact opposite position. Continue reading