July 20th, 2011
Oh.. we will be following up on contemporary GOP critique of this sort of debt limit "rhetoric..."
"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."
-- President Ronald Reagan in a once forgotten 1983 letter to Howard Baker