Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
General News

Reagan Would Chastise Republicans for their Stance on Debt Ceiling

By       Message Roger Shuler       (Page 1 of 2 pages)     Permalink    (# of views)   1 comment

Related Topic(s): ; ; ; , Add Tags
Add to My Group(s)

Interesting 2   Must Read 1   Supported 1  
View Ratings | Rate It

opednews.com Headlined to H3 7/20/11

Author 13717
- Advertisement -


Cross Posted at Legal Schnauzer

Who would side with Democrats in the ongoing debate about the debt ceiling? Well, the No. 1 Republican icon himself, Ronald Reagan.

- Advertisement -

Democrats have unearthed audio from a Reagan radio address on September 26, 1987, in which he addresses a possible default on the government's financial obligations. Here is a key segment:

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.

The Web site politicususa.com  provides insight on Reagan and what has become of the party that frequently invokes his name:

- Advertisement -

It is not a surprise that Ronald Reagan held a similar position as today's Democrats on the debt ceiling issue. After all, this is a president that raised taxes 11 times during his time in the White House. Trickle down economics depended on deficit spending in order to both be able to cut taxes and increase spending. If Ronald Reagan was alive today, he would be hated by the tea party.

Michele Bachmann and her tea party caucus love to invoke Reagan, but they would have despised him for his willingness to raise the debt ceiling.

Next Page  1  |  2

 

- Advertisement -

Interesting 2   Must Read 1   Supported 1  
View Ratings | Rate It

opednews.com

I live in Birmingham, Alabama, and work in higher education. I became interested in justice-related issues after experiencing gross judicial corruption in Alabama state courts. This corruption has a strong political component. The corrupt judges are (more...)
 

Roger Shuler Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Boy Scouts and the Horrors of Their "Perversion Files"

Bush vs. Obama on Spending: It's No Contest

Why Is Karl Rove Planning to Visit the Backwoods of Alabama?

What's the Real Story Behind Karl Rove's Divorce?

Is "Morning Joe" Scarborough a Murderer?

Rove Might Be Trying To "Pull A Siegelman" With Julian Assange