Barack Obama Quote Against Raising the Debt Limit- Truth!

Barack Obama Quote Against Raising the Debt Limit-Truth!

Summary of eRumor:

This is a forwarded email of an allege quotation by Barak Obama when he was serving in the U.S. Senate about raising the debt limit.

The quote is: “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 US Government cannot 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.”
 

The Truth:

Barack Obama said this in March 2006 according to an April 11, 2011 article by ABC News.

updated 09/26/12

A real example of the eRumor as it has appeared on the Internet:

The Quote of the Decade:

“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 US Government cannot 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.”

~ Senator Barack H. Obama, March 2006.