Obama flip-flopped on the debt ceiling vote.
"…raising the debt limit is a sign of leadership failure."
As a senator and candidate for president, Obama viciously attacked Republicans and the establishment for their "failures to lead." Perhaps, this is no more evident on than in the case of the national debt.
"What my budget does is…that by the middle of this decade our annual spending will match our annual revenues. We will not be adding more to the national debt."
Candidate Barack Obama
Regardless of their political affiliation, Americans are increasingly concerned with the massive deficit spending in Washington and the accompanying national debt load. Aware of the impact such an approach would have on their own personal budgets, Americans realize that such an approach to finance is not indefinitely sustainable.
"No generation can contract debts greater than may be paid in the course of its own existence"....Thomas Jefferson
America is in a tragic situation and we - readers, voters, her citizens - are responsible. We've allowed our gluttony and economic arrogance to create a situation where 40 cents on every dollar our government spends is debt we've borrowed. That's a stunning reversal of our balance sheet for one generation.