A Zero Hedge Petition: Break Debt Habit, Freeze The Debt Ceiling

09-10-2009 • Zero Hedge

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. - Sen. Barack Obama, 2006 While Zero Hedge has been accused of disagreeing with President Obama's statements, ideas, and policies before, we would like to state on the record that we wholeheartedly agree with the President on this one occasion, with the caveat that it was uttered at a time when i) he was not a president, and ii) he presumably actually did in fact care about "our children and grandchildren" instead of simply indulging in an onanistic splurge of spending, bailing out beta chasing bankers and hedge fund managers, and, through his appointee Ben Bernanke, reducing the national currency of the United States to a smoking hulk of burnt toast. Superimposing Obama from 2006 with his current incarnation, threatens a schizoid break no less than would dropping Bono's two alte