As debates in D.C. continue to rage over the debt ceiling, and the continuing resolution to fund the government…we are reminded of the words of one Democratic Senator when a similar argument was taking place back in 2006.

Obama Congressional Record

Image: Zero Hedge

The President has since tried to distance himself from those remarks. In April of 2011, Mr. Obama appeared on ABC’s Good Morning America to explain his change of heart. “I think that it’s important to understand the vantage point of a Senator versus the vantage point of a…President.  When you’re a Senator, traditionally what’s happened is this is always a lousy vote.  Nobody likes to be tagged as having increased the debt limit for the United States by a trillion dollars… As President, you start realizing, ‘You know what?  We– we can’t play around with this stuff.  This is the full faith in credit of the United States.’  And so that was just a example of a new Senator,  you know, making what is a political vote as opposed to doing what was important for the country.  And I’m the first one to acknowledge it.”

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