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The Real James Woods: ~The Congressional Record ~ March 16, 2006



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Debt Ceiling Speech From 'The Greatest Senator That Ever Lived'


http://youtu.be/ZCUPn_Fr7qI

Guess who said this? Santelli's find of the day
Wed October 9, 2013 | 01:25 PM

Are you upset over the government shutdown and political impasse in Washington? CNBC's Rick Santelli is on fire and fired up after finding a speech delivered on the Capitol in 2006.

Watch

We all know he said it

But where is the link to this supposed record?

buddy

Thomas link

http://thomas.loc.gov/cgi-bin/query/z?r109:S16MR6-0005:/

Click on "printer friendly display" to get to the text.

Mr. OBAMA. Mr. President, I rise today to talk about America's debt problem.

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.

Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ``trillion'' with a ``T.'' That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President's budget will increase the debt by almost another $3.5 trillion.

Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we'll spend on Medicaid and the State Children's Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.

And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.

Every dollar we pay in interest is a dollar that is not going to investment in America's priorities. Instead, interest payments are a significant tax on all Americans--a debt tax that Washington doesn't want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible fiscal policies.

But we are not doing that. Despite repeated efforts by Senators CONRAD and FEINGOLD, the Senate continues to reject a return to the commonsense Pay-go rules that used to apply. Previously, Pay-go rules applied both to increases in mandatory spending and to tax cuts. The Senate had to abide by the commonsense budgeting principle of balancing expenses and revenues. Unfortunately, the principle was abandoned, and now the demands of budget discipline apply only to spending.

As a result, tax breaks have not been paid for by reductions in Federal spending, and thus the only way to pay for them has been to increase our deficit to historically high levels and borrow more and more money. Now we have to pay for those tax breaks plus the cost of borrowing for them. Instead of reducing the deficit, as some people claimed, the fiscal policies of this administration and its allies in Congress will add more than $600 million in debt for each of the next 5 years. That is why I will once again cosponsor the Pay-go amendment and continue to hope that my colleagues will return to a smart rule that has worked in the past and can work again.

Our debt also matters internationally. My friend, the ranking member of the Senate Budget Committee, likes to remind us that it took 42 Presidents 224 years to run up only $1 trillion of foreign-held debt. This administration did more than that in just 5 years. Now, there is nothing wrong with borrowing from foreign countries. But we must remember that the more we depend on foreign nations to lend us money, the more our economic security is tied to the whims of foreign leaders whose interests might not be aligned with ours.

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

[Page: S2238]
and a failure of leadership. Americans deserve better.
I therefore intend to oppose the effort to increase America's debt limit.

I knew I've seen that exact

I knew I've seen that exact janky signature somewhere else...

ACA act, 4 years later...

and for comparison to another sig

"Sign-o-Matic" on the fritz!

His signature has been the same ever since he started using that automatic signature machine.

Before I copy and pass these out

It would be nice to verify that this is real.
Any links to this?

buddy

The quote is real

The image is fake. Someone took a legit quote and pasted it up with a signature image. But the quote is real:
http://politicalticker.blogs.cnn.com/2013/10/10/obama-defend...

found this video - looks like this is actually true LOL

Rep Cliff Stearns citing Obama's statement on the house floor:

You just can't make this stuff up.

- Grow Mushrooms at Home
http://subfarms.com

holy crap

Not solid proof but it at least corroborates this

http://www.nationalreview.com/corner/256288/senator-barack-o...

- Grow Mushrooms at Home
http://subfarms.com

Look at that signature

Does anyone here do handwriting analysis?

"It is difficult to free fools from the chains they revere".
--Voltaire

It's hard not to be a menace to society when half the population is happy on their knees. - unknown

Yeah. Chris Cudnoski

Yeah. Chris Cudnoski

When we try to pick out anything by itself, we find it hitched to everything else in the Universe.
~ John Muir

James woods loves candy

...but hates cheese


http://youtu.be/HM0Ye9kbihU

A signature used to be here!

lol

Classic

Chameleon-In-Chief Obama on Debt Limit - Thanks.

Wanting to verify that before I sent it around, I came up with Senator Obama's full remarks in the Congressional Record.

Note that - when he defines the debt as a "hidden domestic enemy," or warns that "the more we depend on foreign nations to lend us money, the more our economic security is tied to the whims of foreign leaders whose interests might not be aligned with ours," or claims that it took "42 presidents 224 years" to rack up the first trillion, what Bush took just five years to do - he's talking about a debt of $8.6 Trillion (61% of GDP) and not $16.7 Trillion (98% of GDP); to date over the course of his own administration, the debt rose not 1, but 6, Trillion.

"Mr. OBAMA. Mr. President, I rise today to talk about America's debt problem.

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.

Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ``trillion'' with a ``T.'' That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President's budget will increase the debt by almost another $3.5 trillion.

Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we'll spend on Medicaid and the State Children's Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.

And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.

Every dollar we pay in interest is a dollar that is not going to investment in America's priorities. Instead, interest payments are a significant tax on all Americans--a debt tax that Washington doesn't want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible fiscal policies.

But we are not doing that. Despite repeated efforts by Senators Conrad and Feingold, the Senate continues to reject a return to the commonsense Pay-go rules that used to apply. Previously, Pay-go rules applied both to increases in mandatory spending and to tax cuts. The Senate had to abide by the commonsense budgeting principle of balancing expenses and revenues. Unfortunately, the principle was abandoned, and now the demands of budget discipline apply only to spending.

As a result, tax breaks have not been paid for by reductions in Federal spending, and thus the only way to pay for them has been to increase our deficit to historically high levels and borrow more and more money. Now we have to pay for those tax breaks plus the cost of borrowing for them. Instead of reducing the deficit, as some people claimed, the fiscal policies of this administration and its allies in Congress will add more than $600 million in debt for each of the next 5 years. That is why I will once again cosponsor the Pay-go amendment and continue to hope that my colleagues will return to a smart rule that has worked in the past and can work again.

Our debt also matters internationally. My friend, the ranking member of the Senate Budget Committee, likes to remind us that it took 42 Presidents 224 years to run up only $1 trillion of foreign held debt. This administration did more than that in just 5 years. Now, there is nothing wrong with borrowing from foreign countries. But we must remember that the more we depend on foreign nations to lend us money, the more our economic security is tied to the whims of foreign leaders whose interests might not be aligned with ours.

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.

I therefore intend to oppose the effort to increase America's debt limit."

Congressional Record March 6, 2006
http://beta.congress.gov/congressional-record/2006/03/16/sen...

P.S. I scrolled down a bit and read Sen. Levin's remarks as well. Compare that, too, to what he says now. Really, politicians are such hypocrites. http://www.levin.senate.gov/newsroom/media/sen-levin-and-sen...

When we try to pick out anything by itself, we find it hitched to everything else in the Universe.
~ John Muir

Someone must have a list of

Someone must have a list of all the things Obama promised and then did the opposite.

FiresofFreedom's picture

Someone tried

However there were so many papers he ended up getting buried in them. Currently there on day 62 of the rescue, its not looking good.

I have seen several

"James Woods" posts here on DP in the past couple weeks. I remember Mr. Woods on the news in the weeks after 9-11 explaining his flights from NY to LA and observing "Muslim men" acting suspiciously on those flights...perhaps as a practice-run. What a crock!! Muslim hijackers on 9-11??!! Sorry, Mr. Woods...that wagon is full!
True, the anti-Barry stuff from him is terrific! All I'm saying here is, be careful with whom you ally. There may be a different agenda.

------------------
BC
Silence isn't always golden....sometimes it's yellow.

"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them." - Patrick Henry

James Woods ‏@RealJamesWoods

James Woods ‏@RealJamesWoods 11 Oct

Obamacare's privacy threat: Column http://usat.ly/1g2B6uc Good luck.

Printing this and sending to 1600 Pennsylvania Ave...



We should all print/send/email this to the POTUS and the 535 in the houses. Repeatedly.
Nothing like a hard copy in ones hands.

Thanks for the image 'Cuda!

Exercise Liberty...with a stamp.


America Rising.
The Constitution Stands.

"That the pen is mightier than the sword would be proven false; if I should take my sword and cut off the hand that holds the pen" - American Nomad

Why?

?

http://www.dailypaul.com/302168/ron-paul-institute-the-fourt...

"What if the American people learn the truth" - Ron Paul

Because I'm a rabble rouser!



That, and I'm incorrigible too!http://www.dailypaul.com/302040/hard-to-watch-impossible-to-ignore-video#comment-3225776

Why not?
Just spreading the joy! (sarc)

I'm going to pass them out at our next county GOP (75% Liberty) meeting also.
Why not?

Exercise Liberty...by any and all means.


America Rising.
The Constitution Stands.

"That the pen is mightier than the sword would be proven false; if I should take my sword and cut off the hand that holds the pen" - American Nomad

RealJamesWoods

RealJamesWoods

Ha Ha

Ha Ha Ha