Cognitive Dissonance

"Democracy! Bah! When I hear that I reach for my feather boa!" - Allen Ginsberg

Posts tagged ronald raygun

122 notes

Unfortunately, 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.

Ronald… Reagan

Where’s your conservative god now!?

-Joe

(via stfuconservatives)

Every single time these people invoke St. Ronnie it’s the myth, not the man. Silly facts, getting in the way of ideology.

P.S. He raised the debt ceiling more than Obama and Bush combined. 

(Source: stfuconservatives, via squeetothegee-deactivated201111)

Filed under ronald reagan ronald raygun St. Ronnie politics debt ceiling deficit

67 notes

pantslessprogressive:

Clever politicking on the debt ceiling: On Wednesday afternoon, every House Republican will receive a letter urging them to raise the debt ceiling.
Or, rather, a letter from President Ronald Reagan to Senate Majority Leader Howard Baker in 1983 urging Congress to raise the debt ceiling.
The letter reads:

Dear Howard:
This letter is to ask for your help and support, and that of your colleagues, in the passage of an increase in the limit on the public debt.
As Secretary Regan has told you, the Treasury’s cash balances have reached a dangerously low point. Henceforth, the Treasury Department cannot guarantee that the Federal Government will have sufficient cash on any one day to meet all of its mandated expenses, and thus the United States could be forced to default on its obligations for the first time in its history.
This country now possesses the strongest credit in the world. 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.
I want to thank you for your immediate attention to this urgent problem and for your assistance in passing an extension of the debt ceiling.Sincerely,
Ronald Reagan 

The letter is being sent to House GOP members by the Congressional Progressive Caucus.
[Photo via PoliticsUSA]

Marvelous

pantslessprogressive:

Clever politicking on the debt ceiling: On Wednesday afternoon, every House Republican will receive a letter urging them to raise the debt ceiling.

Or, rather, a letter from President Ronald Reagan to Senate Majority Leader Howard Baker in 1983 urging Congress to raise the debt ceiling.

The letter reads:

Dear Howard:

This letter is to ask for your help and support, and that of your colleagues, in the passage of an increase in the limit on the public debt.

As Secretary Regan has told you, the Treasury’s cash balances have reached a dangerously low point. Henceforth, the Treasury Department cannot guarantee that the Federal Government will have sufficient cash on any one day to meet all of its mandated expenses, and thus the United States could be forced to default on its obligations for the first time in its history.

This country now possesses the strongest credit in the world. 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.

I want to thank you for your immediate attention to this urgent problem and for your assistance in passing an extension of the debt ceiling.
Sincerely,

Ronald Reagan 

The letter is being sent to House GOP members by the Congressional Progressive Caucus.

[Photo via PoliticsUSA]

Marvelous

(via pantslessprogressive)

Filed under GOP St. Ronnie conservative conservatives politics ronald raygun ronald reagan debt debt ceiling default

38 notes

US debt ceiling: how big is it and how has it changed?

The debt ceiling was raised 25 times under (St.) Ronald Raygun. By this point in his first term, he’d raised it over 10 times. It’s been raised once under Obama - in March 2010. Congress has acted 78 times since 1960 to permanently raise, temporarily extend, or revise the definition of the debt limit – 49 times under Republican presidents and 29 times under Democratic presidents.

But it’s Obama’s fault, right?

Filed under debt debt ceiling budget budget cuts politics Obama ronald reagan ronald raygun fuckery