Listen To Ronald Reagan SIDE With The Democrats On The DEBT CEILING

[Segami]

Run time: 00:54 https://www.youtube.com/watch?v=e6nNJiJsm70   Posted on YouTube: July 16, 2011 By YouTube Member: HouseDems Views on YouTube: 305   Posted on DU: July 19, 2011 By DU Member: Segami Views on DU: 1123

 
" 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..."



:smoke: :smoke:




" Remarks from a radio address by President Ronald Reagan delivered on September 26, 1987, discussing the severe necessity of the United States meeting it's obligations in regards to dealing with the national debt ceiling.





The House Dems used an excerpt from Ronald 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.





One again the right wing myth of Ronald Reagan does not match up with his actual record. Besides raising taxes, Reagan tripled the deficit and granted amnesty to 3 million undocumented immigrants and their families.





http://www.politicususa.com/en/reagan-debt-ceiling



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1. full transcript of the 9/26/1987 address

http://www.reagan.utexas.edu/archives/speeches/1987/092687a.htm