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http://www.politicususa.com/en/reagan-debt-ceiling
Ronald Reagan’s position on the debt ceiling illustrates how far right the Republican Party has drifted. In his day, Reagan was considered a far right conservative. Today, Ronald Reagan would be viewed as a moderate Republican or a very conservative Democrat. The vast majority of the American people understand that revenue must be raised. Seventy four percent of Republicans agree that revenue must be raised along with the debt ceiling.
Were he alive today, President Reagan would agree with the Democrats and Barack Obama on taxes and the debt ceiling.
Let that sink in, and realize how out of touch the tea party Republicans in the House must be if they really believe that they are speaking for the American people.
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http://www.politicususa.com/en/reagan-debt-ceilingRonald Reagan’s September 26, 1987 radio address,
"Congress consistently brings the Government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the Federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility – two things that set us apart from much of the world."
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http://crooksandliars.com/jon-perr/10-i ... bt-ceilingHere, then, are 10 Inconvenient Truths About the Debt Ceiling:
1. Republican Leaders Agree U.S. Default Would Be a "Financial Disaster"
2. Ronald Reagan Tripled the National Debt
3. George W. Bush Doubled the National Debt
4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
5. Federal Taxes Are Now at a 60 Year Low
6. Bush Tax Cuts Didn't Pay for Themselves or Spur "Job Creators"
7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
8. Ryan Budget Will Require Raising Debt Ceiling - Repeatedly
9. Tax Cuts Drive the Next Decade of Debt
10. $3 Trillion Tab for Unfunded Wars Remains Unpaid
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http://www.thepresidentialcandidates.us ... ling/1520/This is what President Ronald Reagan said about what would happen if the debt ceiling were not raised in 1983:
“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 the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the costs, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.”
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