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Is raising the debt ceiling responsible or irresponsible?

According to Obama in 2006:

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure,” [Obama] said on March 16, 2006. “Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership . Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.”

So, was it only irresponsible because it was Bush's term?  Why was it necessary to get serious about fiscal discipline THEN, but not now? 

BTW, I totally agree with his statement in 2006.  He sure has changed his tune, bless his heart. 

 
QuinnMae

Asked by QuinnMae at 11:38 AM on Jul. 12, 2011 in Politics & Current Events

Level 48 (291,803 Credits)
This question is closed.
Answers (16)
  • Irresponsible, but what do you expect from a man who has no practical experience running any kind of company....at all.....ever. Everything he does is done because he read a book about it or has to take the advice of others not knowing if that advice is good or not. How many businesses do you know of that still are in business because they just keep raising their amount they can borrow and still stay fluid? (except the auto industry I mean...) None other than the federal gov't.
    jesse123456

    Answer by jesse123456 at 12:44 PM on Jul. 12, 2011

  • Is handing your 20 year old a new credit card because they maxed out the last one responsible?
    NotPanicking

    Answer by NotPanicking at 1:42 PM on Jul. 12, 2011

  • Maybe they need to change the name to Debt Safety Goal. They can hang a sign on the front door of the Fed:

    We've gone ________ days without raising our debt limit.

    And they can add to the number each day.
    NotPanicking

    Answer by NotPanicking at 3:33 PM on Jul. 12, 2011

  • Irresponsible. Of course he changed his tune, he's a politician.
    miss_lisa

    Answer by miss_lisa at 11:43 AM on Jul. 12, 2011

  • It will have to be raised, no real option at this point. It's a failure of leadership that we find ourselves at this point. So, Bush failed. Now Obama has failed. We spend our time arguing over it because there is no real impact to us. Our kids, however, will suffer the impact. Very irresponsible of us.
    Mom2Just1Kiddo

    Answer by Mom2Just1Kiddo at 11:48 AM on Jul. 12, 2011

  • Irresponsible and I am against it.
    Carpy

    Answer by Carpy at 3:11 PM on Jul. 12, 2011

  • Why do we even have a debt ceiling if they are always raising it.

    Natesmom507

    Answer by Natesmom507 at 3:22 PM on Jul. 12, 2011

  • Lol sorry, I just don't expect a whole lot from those in DC.
    miss_lisa

    Answer by miss_lisa at 11:48 AM on Jul. 12, 2011

  • Irresponsible. SOMEONE will have to pay the price eventually. It's either going to be us, our kids, or our grandkids.
    tinamatt

    Answer by tinamatt at 12:04 PM on Jul. 12, 2011

  • Irresponsible. Have you ever known a person or a business that was successful in spending their way out of debt?
    meooma

    Answer by meooma at 12:14 PM on Jul. 12, 2011

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