President Obama, Senate Majority Leader Harry Reid (D-NV), and other prominent Democrats have been hypercritical of the Republicans’ handling of the debt ceiling debate. The left has spent the last week arguing that Republicans are terrorists and anarchists who are looking to hold the government hostage while collapsing the economy, but they fail to mention the stances they took on the debt ceiling just a few years ago.
On radio this morning, Glenn read the following opinion about the debt ceiling:
If any objective analysis of our country's fiscal history, if your objective at all you would have to conclude that this administration and the rubber‑stamping Senate are the most fiscally irresponsible in the history of our country. In fact, no other President, no other Congress has ever come close to this. The numbers speak the truth. Rather than running record surpluses and reducing record amounts of debt, our nation now has suffered record deficits and debt increases. In fact, when it comes to deficits, this President owns every single record. The deficits have resulted in an unprecedented and dangerous borrowing spree. Total debt during this spree has grown by more than $8 trillion. It now stands at $16.7 trillion in debt.
Given the explosion of debt in the last few years, it is long past time for Washington to change course and adopt a new fiscal policy. After all, the future of our economy, the future of our nation, our children's future, is at stake. And if the President and his [Democrat] allies believe that increasing our debt by another two, three, one trillion is the right thing to do, they should just be up front with it. They should explain why they think that more debt is good for our economy. They should explain why they think it's fair to force our children and our grandchildren to finance our current lifestyle through higher taxes. Why it's right to increase our nation's dependence on foreign creditors. Maybe they can convince the public that they're right, but I don't think so. Look at the size of the debt. No one thinks it's right. Most Americans know that increasing the debt is the last thing that we should be doing. After all, the baby boomers are about to retire. Under the circumstances, as almost any credible economist would tell you, we should be reducing the debt, not increasing the debt.
The President speaks of personal responsibility all the time, and I just love that. In a speech before African‑American leaders early in his Administration, the President stated that a President is judged not by the words he speaks but by the work he leaves behind. By that benchmark, unless this President and this [Democratic] Senate and others that follow along dramatically and immediately change course, they will not be judged very kindly with respect to the stewardship of our nation's finances.
Glenn also read this excerpt on the subject:
Increasing America's debt weakens us domestically and internationally. Leadership means the buck stops here. Instead, Washington is shifting the burden of bad choices onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. Therefore I intend to oppose the effort to increase America's debt limit.
So those must be the words of Republicans in Congress today, right? Nope. Those are actually the words of Sen. Reid and then-Sen. Barack Obama (D-IL)
“Hoorah. Hoorah. Hoorah,” Glenn said. “Let me give you two additional pieces of information. That quote is not from Ted Cruz, and what I read was not from me. Those words were from Harry Reid during the last Administration when they tried to raise the debt ceiling. And this quote is the quote that Senator Barack Obama, the senator from Illinois. That's his quote. So why is it that all of a sudden we're terrorists! We're terrorists!”
“When in 2006 they were fighting the same battle,” Pat added, ”they were doing the same things.”
In 2011, ABC News’ George Stephanopoulos asked President Obama about his flip-flop, and his answer is excruciatingly hypocritical:
PRESIDENT OBAMA: And so that was just an example of a new senator, you know, making what is a political vote as opposed to doing what was important for the country.
“A political vote,” Glenn said disgusted. “This is unprecedented though. This is the first time I think I've ever heard anyone in the press ask him, ‘Have you made any mistakes?’ And him actually saying, ‘Yes, I've made a mistake.’ But it's not just a mistake. He is not claiming he made a mistake. He is saying, ‘I made a political vote.’ He's not saying he believed it. He was making a political vote. That's even worse.”
“Right. That's to politically help him today,” Stu concluded. “What's interesting also is when he describes his political vote he made in 2006, he does not describe himself as a terrorist. He does not describe himself as an anarchist. He does not describe himself as the worst human being on earth, as they describe Ted Cruz… So he didn't call himself a terrorist. Why didn't he? Why doesn't he look back at his life and think of himself that way?”