Wednesday, July 20, 2011

Reagan Makes the Case For Raising the Debt Ceiling

link here to article

The US debt ceiling was raised 18 times under Ronald Reagan. The democrats played back some of Reagan's concerns about the disaster that might befall the nation if the ceiling were not raised. The article also points out that the national debt increased under Reagan by a factor of 4 from $1 trillion to $4 trillion, and that Reagan was forced to raise taxes in order to deal with the deficit.

Most people already know most of this Reagan history. Comments on the article from conservatives were interesting. They have placed their god on a pedestal and they invented all kinds of reasons why true believers should not pay any attention to a "leftist" reporter from the main stream media (Few progressives would claim Milbank as one of their own). Its almost as if the press repeated passages from the Bible that contradicted what they believed.

No comments:

Post a Comment