“The full consequences of a default or even the serious prospect of default by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and on the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the cost, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.”– RONALD REAGAN, 1983.
Ronald Reagan also said, back in 1987: “The United States has a special obligation to itself and the world to meet its obligations.”
All the folks who are willing to take this country to the brink and think it’ll be OK for the U.S. to default on its debt have one thing in common – all of them love Ronald Reagan and think of him as nothing short of a conservative god. Yet the debt ceiling was raised SEVENTEEN TIMES during his presidency. Plus Reagan raised taxes several times while president.
I think it is hilarious that if Ronald Reagan showed up on the political scene today, the Tea-Baggers would instantly brand him as a socialist-commie Amerika-hating fascist/marxist evil-doer and then proceed to beat the crap out of him in an alley somewhere. Reagan was more liberal than even most Democrats are these days.
No comments:
Post a Comment