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Who agrees with this statement on raising the debt ceiling?

'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 US Government can not 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.'

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  • 8 years ago
    Favorite Answer

    Agreed. Hypocrisy noted.

  • Anonymous
    8 years ago

    I think Bankruptcy should be the last option available to for both an individual and a company. Alternatives to bankruptcy include debt settlement and debt consolidation, both should be attempted before filing for bankruptcy.

  • bard
    Lv 7
    8 years ago

    Those of us in the rest of the world don't understand why the US has a debt ceiling when no other country in the world has one.

  • 8 years ago

    It still applies, but the President doesn't set the spending and taxing policies, Congress does.

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  • 8 years ago

    Agreed. That is what then Senator Obama said.

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