Monday, January 24, 2022
Hawai'i Free Press

Current Articles | Archives

Wednesday, December 5, 2012
Obama Wants Power to Raise Debt Limit By Himself, Anytime
By Heritage Foundation @ 2:09 PM :: 4577 Views :: National News, Obama

Obama Wants Power to Raise Debt Limit By Himself, Anytime

President Obama wants to do away with Congress when it comes to raising the country’s legal debt limit. Instead of getting permission from the people’s elected representatives to borrow and spend more money, he wants to do that all by himself.

It seems typical of the President Obama we know, but just a few years ago, he spoke vehemently against putting America in debt. Here is then-Senator Barack Obama on March 16, 2006:

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.

Of course, in Washington, one’s convictions can change with the electoral winds. And so this is the same man who today, as our President, is seeking unlimited authority to raise the country’s debt limit anytime, anywhere, all by himself. No Congress needed.

This new power is part of the “deal” the President offered to House Republicans on the fiscal cliff. His “deal” is massive tax hikes, more government spending, and the ability for him to send that government spending skyrocketing through the stratosphere without any vote of Congress. One White House official describes this proposal as “resolv[ing] the debt limit without drama.”

This issue has come up before. As Heritage's J.D. Foster wrote in 2011:

Congress could dispense with the periodic ritual of raising the debt limit. It could simply give Treasury the authority to borrow such funds as are needed to carry out the deficit consequences of current fiscal policy. This would be the easier course politically, but Congress has wisely chosen not to take it. The nation is far better served when Congress is forced to acknowledge the net effects of its policies as reflected in the necessity of raising the debt limit to maintain that course.

As unpleasant as it may be, congressional debate over increasing the debt limit is an opportunity for Congress to consider vital course corrections on federal spending, including entitlement spending, which is growing unchecked.

Just a few short years ago, Obama said, “This rising debt is a hidden domestic enemy” and that “interest payments are a significant tax on all Americans—a debt tax that Washington doesn’t want to talk about.”

>>> See the Congressional Record where Obama speaks against raising the debt limit in 2006

That’s a great point. Today, U.S. interest on debt payments is already greater than spending on many major federal agencies. In just a few years, Obama's policies will mean the U.S. will be spending more on just the interest than on our entire national defense budget.

More recently, when he was running for President, Obama condemned George W. Bush for adding $4 trillion to the national debt over eight years, calling it “irresponsible” and “unpatriotic.” Now—in the past four years—Obama’s Administration has already added almost $6 trillion to the debt. That means he is on track to triple Bush’s debt increase over eight years. But without congressional limits, who can say?

In 2006, Obama concluded:

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.

We couldn’t have said it better ourselves.




  • The U.N. disabilities treaty, which would have hurt American sovereignty with no benefits for America’s disabled, was defeated in the Senate yesterday.
  • Another U.N. treaty still out there is the Law of the Sea Treaty (LOST). Heritage’s Steven Groves explains how the U.S. can attain vital deep-sea mining without this treaty.
  • Protests in Cairo against Egyptian President Mohamed Morsi’s seizure of sweeping powers are still 100,000 strong.
  • Many companies are paying out extra dividends in December, before the scheduled tax hikes hit in January. Software company Oracle announced it will pay a triple dividend.
  • In The Wall Street Journal, Heritage’s Jason Richwine and the American Enterprise Institute’s Andrew Biggs uncover “the underworked public employee.”

TEXT "follow HawaiiFreePress" to 40404

Register to Vote


808 Silent Majority

ACA Signups Hawaii

Alliance Defending Freedom

Aloha Pregnancy Care Center

American Council of Trustees and Alumni


Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Back da Blue Hawaii

Ballotpedia Hawaii

Better Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Life Alliance

Hawaii March for Life

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together



Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii


Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

Sink the Jones Act

Statehood for Guam

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii