Mr. President, I rise today to talk about America's debt
problem.
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.
Entire post is here: http://frwebgate2.access.gpo.gov/cgi-bin/TEXTgate.cgi?WAISdocID=rF8NAx/2/1/0&WAISaction=retrieve
Sounds like admission of failure on his behalf.