PAUL: The nation deserves better
Americans are weary of fiscal irresponsibility

By Rand Paul
Thursday, October 10, 2013

When Sen. Barack Obama was faced with raising the debt ceiling in 2006, he said, “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.”

Sen. Obama was right. Spending was out of control under the last president. Our deficit in 2006 was $250 billion. Sen. Obama rightly opposed raising the debt ceiling from $8.1 trillion to $8.9 trillion.

Today, our deficit has quadrupled. Our national debt is now $17 trillion, nearly double what it was when Mr. Obama refused to raise the debt ceiling under the leadership of George W. Bush.

Compared to what he was saying in 2006, some might consider the president in 2013 to be a “bizarro world” Obama.

When Republicans suggest debt increases should be offset by spending cuts, President Obama paints us as extremists. He portrays attempts at fiscal responsibility as irresponsible and reckless. This president continues to demagogue — frightening Americans and markets into thinking that failure to raise the debt ceiling means the U.S. will default.

Debt increase or not, the United States will not default. We have never defaulted. A responsible leader would be trying to assuage any such fears.

read more: