Quote Of The Day

 "Unfortunately, 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.”

 - Ronald Reagan, during a radio address given on September 26, 1987, in explaining why he would not sign a Balanced Budget Amendment.  The idea of a Balanced Budget Amendment was later deemed unconstitutional by the U.S. Supreme Court.  If Reagan were still alive, odds are he'd be pushing to raise the debt ceiling.

Ronald Reagan.  Yesterday:  The Almighty God of the Republican party.  Today:  "Liberal Marxist".