It’s a fair question. The debt ceiling was raised eighteen times during Reagan’s administration; more than any other President. Reagan said it was necessary and chastised anyone who even mildly objected to it citing that it was necessary to fuel the economic recovery. Unemployment hit an all time high during Reagan’s first term while the country was experiencing a recession.
So the messianic hero of the Republican party wasn’t afraid to raise the debt ceiling. The man conservatives want carved into Mt. Rushmore next to Abraham Lincoln; whose face they want on some of our currency. I wonder how the Gipper would feel about what today’s Republicans are doing? If Reagan came down, I don’t think he would be pleased.
That sentiment hasn’t been lost on President Obama. He has made more than one reference to the Reagan era in an almost deferential manner. So how do you suppose Ronald Reagan would have handled this?
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