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At a July 11 press conference, Obama again stressed "shared sacrifice," leaving unexplained he means working households sacrifice to let America's super-rich share.
Also unmentioned was his 2006 debt ceiling position, voting against raising it in the Senate saying:
"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 US government can't pay its 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."
As President, Obama endorsed reckless fiscal policies, including:
-- trillions of bailout dollars to bankers;
-- generous handouts to other corporate favorites;
-- record high military spending for multiple illegal wars and proxy ones;
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