Monday, May 16, 2011

WWRD (What Would Reagan Do)

From the article, referring to what Reagan said about the debt limit:
Reagan wrote: “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. 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.”
Via Washington Monthly.

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