Obama on debt

Back in March of 2006, then Senator Barack Obama, had this to say about raising the debt ceiling. He nailed it! Wonder what changed?
This is a link to the certified Senate Congressional Record on March 16, 2006. (S2237-S2238) Mr. Obama’s speech against raising the debt ceiling occurs on page 2 towards the middle of the page.

Here is a second source, an article from RedStates.com that printed his full speech from 2006 as well.