Obama, 2006: "Raising debt limit a sign of leadership failure."

Who said the following?

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.

Was it Newt Gingrich?

Paul Ryan? Rick Perry? Eric Cantor?

Friends, that was freshman senator Barack Hussein Obama just five years ago (2006).

Way back in '06, Obama said raising the debt ceiling was "a sign of leadership failure." Today, with his own majestic self at the helm, it's a sign of mature leadership.

Back then, Obama bloviated that deficit spending signaled "our government’s reckless fiscal policies." Today, endless deficits are a sign of brilliant leadership.

Back then, Obama assailed deficit spending as "shifting the burden of bad choices today onto the backs of our children and grandchildren." Now he wants to lift the debt ceiling while avoiding any meaningful spending cuts. In other words, business as usual.

So what happened to get Obozo to do a 180-degree flip on deficits and raising the debt limit, huh?

Does his rousing, responsible-sounding 2006 speech suggest that he has no trouble lying convincingly when it suits him?