The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. 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. — 2008

My Take – I heartily agree with the President here.  The inability of successive generations of legislators and presidents to get a handle on our spending is indeed an egregious failure of leadership.  We have been trying to have both guns and butter for so long that I am afraid that very soon we will not be able to afford either.  Whether or not the choices were good or bad is up to debate, but we are way beyond mortgaging the livelihoods of our children.

And yes, we deserve better. Hopefully we will get it very soon.