Via WFB:

President Barack Obama Monday attacked Republicans for attempting to use the debt ceiling as leverage to lower the deficit and America’s $16 trillion national debt. Obama’s remarks were in stark contrast to a speech he gave on the debt ceiling during his time as a U.S. senator.

Glenn Kessler, the Washington Post’s fact checker, used the occasion of the president’s “major-league flip-flop” to award the coveted “Upside-Down Pinocchio,” a ruling “rarely given” by Kessler. He also annotated the president’s 2006 speech decrying the debt ceiling’s increase.

Then-Sen. Obama’s comments are below, followed by Kessler’s notes in bold:

“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.”

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