Obama administration, 2011 on raising the debt ceiling in congress:
“If we get to the point where you've damaged the full faith and credit of the United States, that would be the first default in history caused purely by insanity. I don't see why anybody's talking about playing chicken with the debt ceiling.”Then-Senator Obama in 2006 on raising the debt ceiling in congress:
“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in 2006. “America has a debt problem and a failure of leadership.”To be fair to President Obama, the debt then was not fourteen trillion dollars. But then, who's to blame for that?