White House: POTUS Regrets 2006 Debt-Ceiling Vote
White House press secretary Jay Carney just told reporters that President Obama regrets his 2006 vote against raising the debt ceiling. To refresh your memories, here’s what then-Senator Obama said at the time:
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. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. 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.
But today, Carney said Obama believes his vote was a “mistake” that he regrets, that the debt ceiling is too important to play politics. Carney didn’t say whether it was also too important to vote ‘present’ — something Obama did on debt-ceiling votes in 2007 and 2008.