Now that the shoe is on the other foot, OF COURSE he does.
I am against raising the debt cieling. The GOP, known to cave at the drop of a hat, will, of course, increase it; further weakening our economy and taking another step closer to turning the dollar into confetti.
Were I in a position to vote against this move, I would do so, giving Obama's 2006 speech in it's entirety.
It's this kind of hypocrisy that has brought us to this: at siome point, we must say... ENOUGH.
Now is as good a time as any.
WH: Obama regrets vote against raising debt limit
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A fight over raising the debt limit is looming, and the White House is trying to explain away the apparent contradiction between Obama's previous opposition, and his position now that it must be increased.
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Press Secretary Jay Carney said Monday that Obama believes his vote was a mistake. He said Obama now realizes that the debt ceiling is too important to be trifled with.
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Republicans are threatening to withhold their votes to raise the ceiling unless Obama agrees to major spending reductions.
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A failure to raise the debt limit would mean the government would not be able to make debt payments, leading to an unprecedented default on the national debt.
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