Sarah Palin was on the Laura Ingraham radio show recently and, after telegraphing that the usual suspects would get “wee weed up” about what she was about to say, accused the president of deliberately wanting to weaken the country by raising the debt limit.
Jed Lewison, writing at the Daily Kos, took the bait and accused Palin of wanting to plunge America into “– the middle of another financial and economic crisis with catastrophic results for both the GOP and the nation.”
Lewison and the other Palin haters are really missing the rhetorical jujitsu that the former governor of Alaska has just inflicted on the president. It seems that Sen. Obama very much disagreed with President Obama about the desirability of raising the debt limit. Back in 2006, Obama was quite pious in his disdain toward debt:
“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.”
Obama voted against raising the debt limit then when the national debt was about nine trillion dollars. Four years, two Democratic Congresses, and half a Democratic presidency later, the national debt has blown past fourteen trillion and is moving higher at warp speed.
One can imagine Sarah Palin, sitting back at her lakeside manor in Wasilla, rubbing her hands together and muttering, like Kate Hepburn in “The Lion in Winter”, “Gotcha, gotcha, gotcha!”
You see, either Sen. Barack Obama was right in 2006 and thus President Obama wants to weaken the country by raising the debt limit, or Sen. Obama was lying and pandering back then and President Obama has some explaining to do.
Mind, despite the posturing and heated rhetoric by some, the debt limit is going to be raised. One cannot wipe out the deficit in one fell swoop and to then refuse to raise the debt limit would indeed cause a default and plunge the nation and the world into chaos.
But there is a method to the madness of beating ones chest and playing a game of chicken with the debt limit. The hope is that some concessions can be extracted from the President in exchange for raising the debt limit. Those would include agreeing to cuts in domestic, discretionary spending and maybe even some entitlement reform that would send the nation back on a path to fiscal sanity.
Coincidentally Mr. Obama would be told, in no uncertain terms, that the adults want the credit card back. Too much money has been borrowed and then spent on nonsense like the stimulus package. Because of Obama spending money like a sailor on crack, Congress will have to scramble to find money to fund really needed items, like the defense of the nation. Thus we are taught once again that elections have consequences and while, like 2008, they can be dire, they can also, like 2010, have a healing effect on national politics.
Source: Palin: Obama is hell bent on weakening America, Laura Ingraham Show, YouTube, January 7th, 2011
Palin: Debt ceiling a plot by Obama to weaken America, Jed Lewison, Daily Kos, January 7th, 2011
Senator Barack Obama Explaining his 2006 Vote Against Raising the Debt Limit, Andrew McCarthy, National Review, January 4th, 2011