FLASHBACK—Obama’s First Speech to Congress: We Can’t Pass on to Our Children a Debt They Can’t Pay

In his first speech to a joint session of Congress, delivered on Feb. 24, 2009--a little more than a month after his inauguration--President Barack Obama warned that we have a “responsibility” not to pass on to our children a federal debt they cannot pay.

“There is, of course, another responsibility we have to our children,” Obama said in that speech. “And that's the responsibility to ensure that we do not pass on to them a debt they cannot pay. That is critical.”

At this point, a chuckling Obama paused to accept a standing ovation from the chamber. Then-House Speaker Nancy Pelosi, who was sitting behind the podium, was one of the first to stand and applaud.

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