This post was contributed by a community member. The views expressed here are the author's own.

Health & Fitness

Playing the Debt Blame Game

Gearing up for another round of blame in US Debt ceiling.

From the floor of the Senate:
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. … 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.

Is this another "horrible idea" floated by, as Betty McCollum has described, those "Tea Party Republicans" who simply want to drive the American Economy into recession and destroy the "full faith and credit" of the United States?
From Rep Betty McCollum's web site:
"Tonight's vote was nothing less than Republican game playing with our government's debt obligations. This is a dangerous game that puts our national security, the U.S. economy, and millions of jobs in jeopardy. Congress had an opportunity tonight to ensure there are funds for our troops in harm's way and to protect America's fragile economic recovery as Congress and the President work to address the long-term fiscal crisis facing our nation. Instead the House Republican majority is signaling to global markets that it is willing to gamble with the full faith and credit of the United States."

Does this meme sound familiar?  Heard it from the left, or far left ( example MSNBC) leaning mainstream media enough to make it a mantra you could recite in your sleep?  The Republicans are to blame for shutting down Government, blocking the ability to pay Government's Bills.  Perhaps this will come as news, news I am sure you might initially reject if you are of such a mind.  Clearly those of a mind with Rep Betty McCollum reject this notion, when its convenient, and would blame Rand Paul or Ted Cruz for, in her words, "National Security, U.S. Economy, and Millions of Jobs in Jeopardy".

But the initial statement above was from then Sen. Barack Obama’s Floor Speech, March 20, 2006, providing a screed against President George W Bush's request for a debt increase. However now he is on the opposite side of the debate, speaking with equal disdain in his recent speech Sep 15, 2013
“If we continue to set a precedent in which a president … is in a situation in which each time the United States is called upon to pay its bills, the other party can simply sit there and say, ‘Well, we’re not going to put — pay the bills unless you give us … what we want,’ that changes the constitutional structure of this government entirely,” Obama said.
House Republicans, seeking to defund and delay implementation of the president’s signature health care law, have sought to use the upcoming debt ceiling and government funding fights to extract concessions from the White House.
Obama says he is drawing a line in the sand.
“What has never happened in the past was the notion that in exchange for fulfilling the full faith and credit of the United States, that we are wiping away let’s say major legislation like the health care bill,” he told Stephanopoulos.
“Never in history have we used just making sure that the U.S. government is paying its bills as a lever to radically cut government at the kind of scale that they’re talking about,” he added.

At that time, 2006, our National Debt was moving to $9 Trillion, now it currently is $16.7 Trillion, nearing double.  Each citizen owed roughly $45K, now its $52,864.93.  For a family of four, that's essentially the lifetime savings for the average American.

Every Democratic Senator in 2006 voted against the debt increase.  And in the house Betty McCollum has similarly been chameleon in her voting record:
McCollum, for example, voted against raising the debt limit every time it came up for a vote between 2002 and 2005. Since the Democrats won the House in the 2006 elections, though, she’s been a supporter of half-a-dozen measures with debt ceiling increases attached to them, including some straight increases, budget resolutions and three major economic recovery packages in 2008 and 2009 (the Fannie Mae and Freddy Mac takeover, TARP, and the stimulus package).

Were his initial statements about George W Bush hyperbole, social gaffe, lack of of leadership, or is it as as Guy Benson stated entirely self interest:
Blowing through Obama ‘red lines’ isn't typically that big of a deal if you’re a foreign butcher.  This president usually gets more animated about defeating his domestic political adversaries, so don’t worry too much about the Hitler comparisons, Bashar; the administration has likened Republicans to terrorists andsegregationists, so you only rank slightly above Mitch McConnell on the rhetorical hierarchy of evil.  In any case, Obama’s definition of preserving the “constitutional structure” tends to vary, and by pure coincidence, his conclusions often align with his immediate political interests.
That was $8 trillion ago.  Obama’s decision wasn't just throw-away symbolism, either.  Democrats fell just three votes shy of defeating a debt ceiling increase to “make a point” about Bush’s (comparatively modest) spending and borrowing.  Now, 2006 Barack Obama’s actions are being lambasted by 2013 Barack Obama as reckless threats to the republic.

Under President Barack Obama and Democrat Betty McCollum we now have a much more severe threat to our Country, one might say near double the threat under their "lack of leadership". A threat fed by the continual profligate spending of those who simply denigrate opposition rather than attempt to really work on the problems.   That's "lack of leadership".

And is it not reasonable to consider the crippling impact of the unpopular Obamacare in any discussion of debt?  Even Obama's favorite go to billionaire guy Warren Buffet has said, in an article released by Money Morning;
"What we have now is untenable over time," said Buffett, an early supporter of President Obama. "That kind of a cost compared to the rest of the world is really like a tapeworm eating, you know, at our economic body."
Buffet does not believe that providing insurance for everyone is the first step to take in correcting our nation's healthcare system.
"Attack the costs first, and then worry about expanding coverage," he said.

Democrats, like Barack Obama and Betty McCollum, have never been serious about the debt.  To them it is simply a hammer to use to bludgeon opposition into following their desires, or get punished!  Yes we can do better.

We’ve removed the ability to reply as we work to make improvements. Learn more here

The views expressed in this post are the author's own. Want to post on Patch?

More from Oakdale