Yeah, I said I was going to give that debt crisis thing a rest for a while, but I’m willing to make an exception for my old buddy Ronald Reagan.
It says HERE that Democrats are regularly invoking memories of Reagan these days, mainly because of the Gipper’s emphatic support for raising the debt ceiling to ward off economic chaos:
[U]nlike many Republicans [currently] in the House, the fiscally conservative late president believed it was essential for the United States to make good on its all obligations and raise the debt ceiling.
And Democrats across the spectrum on Wednesday have been holding the conservative hero up to Republicans as an example they should follow.
“I find myself these days quoting Ronald Reagan,” said Sen. Barbara Boxer (D-Calif.) at a news conference Wednesday. “‘The full consequences of a default,’ he said, ‘or even the serious prospect of a 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 the value of the dollar in exchange markets. The nation can ill afford to allow such a result.’”
FOOTNOTE: Another reason that I like Reagan is that his presidency, in some ways, represented lots of things that today’s right-wing wackos despise.
I noted here just last week that from the Tea Party point of view, as THIS GUY MOCKINGLY SUGGESTS, the case could be made that Reagan’s was “the worst presidency in American history”:
This president [Reagan] is a president every conservative Republican and Tea Party member should loathe.
This president nearly tripled the national debt. This president signed an immigration reform bill that granted blanket amnesty to millions of illegal immigrants. This president talked with our enemies. This president raised taxes 11 times. This president, in fact, raised payroll taxes in order to pay for government-run health care. This president presided over double-digit unemployment. This president expanded the size of government and created new federal departments. This president cut and ran, withdrawing troops from hostile regions. This president put two justices on the Supreme Court that voted to uphold Roe v. Wade. This president closed tax loopholes to ensure “every corporation pay their fair share.” This president even advocated gun control on the op-ed pages of the, gasp, New York Times.