I guess that was then and now it’s now.
But here are his fine words from the speech Obama made in 2006:
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure… that we now depend on ongoing financial assistance from foreign countries…. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.
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…. I therefore intend to oppose the effort to increase America’s debt limit.