Obama Hypocrisy or Flip Flop on Raising the Debt Limit

According to many Liberal pundits, only an idiot would vote against raising the debt ceiling. I guess that explains why Obama voted against raising the debt limit in 2006 when he had this to say:

"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. … 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."
-Then Senator Barrack Obama, March 20. 2006

Either we wait now or later, America will go bankrupt if the problem is not fixed immediately. No need to raise the debt limit. By cutting spending (or eliminate wasteful programs) on federal programs that can be done at the state level(Medicaid, Depts. of Agriculture, Interior, Education, Energy, HHS), it will free up more resources to pay our obligations.

The TEA Party movement and many Americans are fed up with inside-the-Beltway machinations: America is Bankrupt in all-but name. Liberal, RHINOS, and the ignorant few need to get over that simple fact, and realize that the longer we postpone the Day of Reckoning, the more painful it will be. Also, it may not be at a time of our choosing. Just look at the mess created when Fannie & Freddie problems were repeatedly kicked down the road. That eventually led to the Day of Reckoning two years ago. Of course, it was not the date of President Bush's or the GOP's choosing.

Obama will be looking for a $300 billion increase in the $14.1 Trillion debt ceiling. What if the House passes a bill offering $300 billion (or even a lesser amount, say $100 billion) in spending cuts in March, instead, daring the President to veto it?

Or, what if the House offers to raise the debt ceiling; but attach to it repeal of ObamaCare, which the CBO has now scored as costing many tens, maybe hundreds of billions of dollars, as opposed to PAYGO?

It's a Game of Chicken between the House and White House, with the Senate as the wild card.