Who was the Conservative Republican Senator who gave this speech?

Does anyone disagree with the following speech given on the Senate floor on March 16th of 2006? It is somewhat lengthy, but really gets to the root of our problems today, and therefore worthy of reading.


March 16, 2006 CONGRESSIONAL RECORD—SENATE S2237-2238:
"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”

 

Don't know who made that specific speech, but I'm sure it's been said before.

http://www.usdebtclock.org/

I fear that we are so deep in the hole that we'll never dig ourselves out. It seems that the only way to resolve the problem is to devalue the dollar. I certainly see no point in holding the dollar--better to invest it in hard assets.

 

It was not a Republican. It was Obama when he was in the senate.

 

Haha! At least you said "In the senate;" Acknowledging it wouldve been campaign rhetoric-- But I don't think it was that POS.


I think it was Dr. Ron Paul.

 

Perhaps you should verify your information before posting. It was Obama. Look it up.

 

Full Text of Obama’s Speech Against Raising the Debt Ceiling in 2006


From the Government Printing Office *and* the Heritage Foundation

March 16, 2006 CONGRESSIONAL RECORD—SENATE S2237-2238:

“ 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. etc...etc.... see OP,s post

 

Well all I know now is that because we threatened NOT to raise the debt ceiling interest on what the nation owes in Principle went up..and so that enlarged our debt by billions.

 

As I said, LIES. Obama LIES. He's perpetuated the debt.

His supporters are idiots to obsess over his LIES. The guy's been in office 6 years, and has done nothing but continued Bushes policies.


Keep disliking my posts, it's not gnna change the fact that Obama is a lying POS, and a good chunk of Americans believe his propaganda despite him doing EXACTLY the opposite. That is called blind faith, and it's stupid to put unconditional trust on a politician who works for the elite.

Seriously, Obama supporters don't know Obama. You guys worship the ground he walks on!

6 years and this POS has done NOTHING to help the economy or middle class. Wake up!

https://www.youtube.com/watch?v=e6J4QBmdi-c"]The logic of STILL supporting Obama - YouTube

 

Who do you mean by 'you guys'?

 

So you are upset with me because I got the answer to the original question correct? Did I ever say I was an Obama supporter? What planet do you live on?

 

Spectacles wasn't saying anything about supporting Obama dude, just that you were wrong and it was Obama who made that speech, not Ron Paul. No need to snap and start yelling.

 

Aww...but it's what they do best. :sultan:

 

I never said you were an Obama supporter. I'm saying people are stupid to act like Candidate Obama is the same as President Obama. I wasn't yelling, I actually called Obama supporters out on their hypocrisy.

I re-read the whole post, and I don't understand how you could construe that as yelling at you. I'm only saying that this speech was rhetoric, and people believe this is really how Obama feels, and he cares about the little guy.

I think people are stupid to support Obama.

And Manservent, who the fuck is "They?" Anti-Obama protestors? Oh, god! Talk about stereotyping.

Anyone who still follows Obama deserves the term "Ignorant." because they ignore his lies, ignore his policies but, supports what he SAYS.

Now, I'm talking to all of you; stop putting words in my mouth. If you're not an Obama supporter, I'm not talking about you.. If you are, than tell me what policies of Obamas are GOOD, and what is GOOD about his presidency- Not what's bad about republicansm but what good Obama has done.

Even if someone comes up with one or a few things, he's done triple the bad than good.

 

All caps is the on-line equivalent of yelling. Exclamation points and accusations don't help either.

When you quote someone and then make comments below it, it sounds like you are directing comments to the OP. When you use the word "you", it sounds like you are specifically addressing the OP

It certainly sounds like you were calling Spectacles a liar and accusing her of being an Obama worshiper, and of possessing the debased characteristics you ascribe to Obama supporters. The tone of the post is quite hostile and insulting.

Feel free to vent your rage toward Obama. However, it is reasonable for one to infer that you were making hostile remarks toward Spectacles.

An apology is in order.

 

Second'd

 

We got your back spec

,,I know from reading StpLSD25 past posts- -the man feels strongly about this stuff. - So I take it as one mans opinion,,,most of the time I choose to disagree- -but Ill defend to the end his right to post it .

I don't know how proper etiquette works on the internet. I figure as long as you respect and dont ridicule someones thoughts that should be good enough.

some passionate subjects are brought up here- -in a perfect world ,we would all agree to disagree.- -I'm pretty sure no one wants to intentionally attack someones thoughts- -after all,that's what they are > just someones thoughts that differ from yours
Anyway- GET OFF MY LAWN !!!
JACK:cuss:

 

Where do you see a single 'Obama supporter' in this thread, before you made that post (or after that, for that matter)? Who are you calling out? Nobody here said that he wasn't a hypocrite. In fact, the point of the thread was to point out how hypocrytical he has been!

 

And where did you obtain that information?

 

That is correct, but someone obviously did not like being made aware of the truth.

 

While I admit the thread title was out of the 'rjh' handbook, as I knew it was Obama when I posted the thread. But it doesn't really matter WHO gave the speech as the REAL question is based on the CONTENT of the speech, and you do have to admit that it DOES indeed read like something from the Conservative side.

Personally, I think it focused on real facts and consequences of Federal government fiscal irresponsibility, was an excellent speech and should have been eye opening for both politicians and voters.

A new question has arose relating to that speech which I've as yet been able to confirm to be fact. It is being claimed that 'this' speech has been removed from the online Senate record. Has anyone here been able to access the site to confirm or deny this as fact?