Leadership Failure

March 16, 2006: Senator Barack Obama called the Republican’s request to increase the national debt limit a failure of leadership. The national debt was HALF then what it is now and the so-called “leadership” in Washington shows no signs of reining it in before the country goes bankrupt.

2006 Obama failure - debt limit

1937 - 2012 National Debt



Filed under Barack Obama, National Debt

6 responses to “Leadership Failure

  1. chrissythehyphenated

    I saw a news item a while back saying China has decided to stop buy U.S. dollars. You cannot keep debting if you can’t find anyone dumb enough to lend to you. The end of the United States as the #1 world power is very near.


  2. Ting

    I wish that I had been able to pay more attention, but things were going on here at the time. There was someone on the Fox Business Channel last night, or maybe the night before, who stated that China was in a mess of debt problems itself, which may come spiraling out of control sooner than we think. There was some consensus on the program that this would impact the whole world in a negative way.


    • chrissythehyphenated

      The thing I find scariest about China is the enormous gender imbalance they have from decades of female infanticide. The simplest way for a nation to get rid of an excess of males is war.


      • Ting

        One more thing to worry about, I guess. I am going into overload with worry. Good thing I have a vacation coming up, with no phone, internet, or tv for 15 days. I hope I make it until the starting date!:)