Obama campaign literature from 2008 :
The Problem Increasing Debt:
Under President Bush, the federal debt has increased from $5.7 trillion to $8.8 trillion, an increase of more than 50 percent.
In four years, Obama has nearly doubled the national debt.
Barack Obama and Joe Biden’s Record
PAYGO: Obama voted in 2005, 2006, and 2007 to reinstate payasyougo (PAYGO) federal budget rules.
He has overspent by nearly $8 trillion dollars.
Against Raising the Federal Debt Limit:
In 2006, Obama voted against misguided Republican efforts to raise the statutory debt limit
He now attacks and threatens anyone who doesn’t agree to raise the debt limit.