A Quote by Barack Obama

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 we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies.

Barack Obama

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America Assistance Countries Debate Debt Depend Fact Failure Finance Financial Financial Assistance Fiscal Foreign Foreign Countries Government Leadership Limit Now Ongoing Our Policies Raising Reckless Sign Today

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Barack Obama
American - President
Born: August 4, 1961

The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America's debt.

Barack Obama

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.

Barack Obama

The massive debt we have racked up to finance our wasteful government is pulling down growth today. Gross debt over 90 percent of GDP weakens growth now. Not tomorrow - now.

Jeff Sessions

The amount of U.S. debt held by countries such as China and Japan is at a historic high, with foreign investors holding half of America's publicly held debt. This dependence raises the specter that other nations will be able to influence our policies in ways antithetical to American interests.

Evan Bayh

Right now, a majority of the debt is owed to foreign interests, Japan being the largest purchaser of government debt today, soon to be surpassed by China as the number one purchaser of our debt in this Nation.

Ron Kind

When you talk about raising that debt limit, the only way that I would ever support raising the debt limit if we also talk about budgetary controls on the federal government, capping its spending, how do we deal with the Social Security, Medicare and Medicaid problems, because they cannot continue to run on auto-pilot.

Allen West

Finance ministers and central bank governors have the seats at the table, not labor unions or labor ministers. Finance ministers and central bank governors are linked to financial communities in their countries, so they push policies that reflect the viewpoints and interests of the financial community and barely hear the voices of those who are the first victims of dictated policies.

Joseph Stiglitz

The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It's unconnected to spending, hurts our credit rating and has been an abject failure at limiting debt.

David Malpass

Now we are raising the debt limit 3 times, up to $8 trillion, so that our children and our grandchildren will have to pay for the cost of our expenditures.

Chaka Fattah

That the policies - from energy to labor policies, trade policies, government policies relating to debt and deficits are all aligning in such a way that America, far from being one of the places people are running from, is a place people are going to come to and add jobs.

Mitt Romney

I am prepared to discuss the things that I believe we need to do not just to raise the debt limit. Raising the debt limit is the easiest thing. That's one vote away. The hard thing is to show the world we are serious about putting our spending in order so we can show people we'll able to pay our bills down the road.

Marco Rubio

It is not a sign of communal well-being when men turn to their government to execute all their business for them, but rather a sign of decay, as in the United States today. The state, indeed, is but one of the devices that a really healthy community sets up to manage its affairs.

H. L. Mencken

I pledge to never sign any trade agreement that hurts our workers or that diminishes our freedom and our independence. We will never, ever sign bad trade deals. America first again. America first!

Donald Trump

The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.

Milton Friedman

It means that we should celebrate today's failure because it is a clear sign that our voyage of discovery is not yet over.

Jacqueline Kelly

The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation. It is this one-two punch - Congress spending more than it can tax or borrow, and the Fed printing money to make up the difference - that threatens to impoverish us by further destroying the value of our dollars.

Ron Paul

A Quote by Barack Obama

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