Posts tagged ronald raygun
Posts tagged ronald raygun
President Obama is closer to Ronald Reagan politically than any other candidate on that stage tonight.
Stop singing the praises of St. Ronnie Raygun. It’s obvious none of you have any clue about the myth vs. the man. The man < the myth.
Where’s your conservative god now!?
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.
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:
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.
The letter is being sent to House GOP members by the Congressional Progressive Caucus.
[Photo via PoliticsUSA]
"And the peasants believed us!"
Thirty years of neoliberalism, kiddos.
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?
So, about that Reagan worship…
This just made my day worth living.