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What would Ronald Reagan do?
Posted: Jul 19, 2011
Ronald Reagan asked Congress to raise the debt ceiling 18 times, and 18 times he got what he asked for. In Sepember 1987, he made the following statement in a radio address regarding the consequences of default:
"Congress consistently brings the government to the edge of default before facing its responsibility, " Reagan says. "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."
He must be rolling over in his grave just about now.
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I cant worry about the debt ceiling. I'm more - worried about the leaks in my own ceiling!
[ In Reply To ..]The budget deficit? Sorry, I've got a little budget deficit of my own going on. Politicians? Pub or Dem? Independent? Doesn't matter. None of em do anything, anyway. A whole capital building full of people of all manner of political leanings, and the bottom line is, not one of them seems to be doing the job he or she was paid to do. They just stand around all day, posturing and flapping their mouths, and when the sun sets each day, all of us whose tax dollars are supporting them are worrying how we're gonna pay that next electric bill.
Yeah. Let's wait until after the deep double dip to worry. - Sounds like a GOP plan to me.
[ In Reply To ..]Head in sand politics. I agree. It's a mess.
It's all turned into just one big TV show. It's on every - night, it bores me, and my situation is still the
[ In Reply To ..]Might as well watch cartoons, instead of the nightly news about our government anymore. Washington has just turned into one great big cartoon, anyway.
That't the DNC plan too. Both parties are - with heads in sand
[ In Reply To ..]Some individual politicians are trying to do something, but if they don't belong to the right club nothing gets done. I agree it is a mess.
Seriously, I would really like to know which politicians (individual politicians) are trying to fix the mess. Can anyone name any politicians and tell me the good things they are doing to help the country. Please don't demonize the side you don't agree with because it all boils down to this. They are all the same. There is no difference in parties.
I would really like to know some individual politicians names that are trying to do something good.
Yeah and I'll bet there were people yelling at him too - see message
[ In Reply To ..]Two wrongs don't make a right. What do you think is going to happen to the country if this keeps happening. We absolutely cannot continue on like this. If the country is going to survive (which looks like they don't want it to) politicians need to start doing their job and get things under control. It has nothing to do with what party you belong to either. Party does not matter. It's just wrong to destroy the country.
Oh yeah, and I'll bet people where not called racist when they opposed Reagan raising the debt ceiling either.
This is not about FUTURE borrowing, spending or debts. - Realtime obligations.
[ In Reply To ..]Suddenly the personal responsibility schtick turns into deadbeat shirking when it is falsely perceived to be politically expedient. The budget and debt ceiling legislation is not attached at the hip. Deliberations on the two issues should be separated from one another. The budget is about the future, the debt about the past. Even an 8-year-old understands the difference.
The programs expenditures and their appropriations were voted on by both parties. The bonds investors and people whose lives depend on fixed incomes cannot suddenly be thrust into 44-cents-on-the-dollar economies and budgeting. The faces behind the checks are our VETERANS, elders, disabled and chronically ill. For them to have to pay the price for tea-party economic ignorance is unthinkable.
The question is simple. Are the US and its citizens good on their word or not? Reputation, reliability and credibility. That's all there is. We all know what happens when we lose them in our personal lives and in our careers. Case in point, Rupert Murdoch, reduced to a shell of his former self, feigning senility to save his own skin, hiding behind his son's rhetoric and his wife's skirt tails when pies are hurled in his face.
Oh yeah, that last statement is really stupid. Reagan and his opponents lived in a kinder and gentler America when compromise was not a 4-letter word and citizens knew when it was time to come together for the sake of the country. Besides, he was white, or hadn't you noticed?
He'd likely head out to the ranch and go horseback - riding in the hills.
[ In Reply To ..]Wish I could afford to do that.
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