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