Majority Leader Harry Reid (D-NV) told ABC News last week “that he feels ‘embarrassed’ that four years ago he argued against raising the country’s debt limit.”
“Why is it right to increase our nation’s dependence on foreign creditors?” Reid said on March 16, 2006. “Democrats won’t be making an argument to support this legalization, which will weaken our country.”
“I shouldn’t have done that. I’m kinda embarrassed I did. It was a political maneuver by we Democrats. The Republicans were in power – there were more of them,” Reid said. “The president voted when he was in the Senate the same way. I heard him apologize for it. We all should take a look at how we handle these issues, but that doesn’t take into consideration the numerous times, the numerous times I voted to raise the debt ceiling. The one time I tried to make a political issue of it, I wish I hadn’t."
Reid says that now Congress “has no choice but to raise the $14.3 trillion limit to keep the country from defaulting on its debt in the coming months.”