• 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. […] The Nation can ill afford to allow such a result. The risks, the costs, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.
• Ronald Reagan, circa 1983 • Regarding legislation to raise the debt limit. This guy seems like a flaming liberal, doesn’t he? Oh wait, maybe not. source

Posted by Seth Millstein • Permalink