No need to, I believe people want Ron Paul to explain why the debt ceiling was raised so many times during his years in congress and was even much higher last year.

Here’s what Obama said on about the debt.

March 20, 2006: This was the last stand-alone debt limit vote on which then-Senator Obama voted. He
was one of 48 members to vote against the increase, which passed with 52 votes. He said: “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.

http://rpc.senate.gov/public/_files/alternativestothedebtlimitincreasev20.pdf