House Dems Cite Reagan to Highlight GOP Hypocrisy on Debt Ceiling

Jason Attermann — July 19, 2011 – 4:16 pm | Budget | Congress | Democrats | Economy | GOP Hypocrisies | Republicans Comments (1) Add a comment

The House Democratic Caucus released a YouTube video titled “That’s an Adult Moment” to expose the Republican Party’s hypocrisy on the debt ceiling. The clip plays a recording of President Ronald Reagan—who nearly all Republicans invoke when politically expedient—explaining the imperative of avoiding default and maintaining our country’s “well-earned reputation for reliability and credibility.”

Click here to watch the video.

Below is the excerpt used in the YouTube clip from Reagan’s radio address on September 26, 1987:

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.

Apparently, quoting and mimicking Reagan applies only when it is most convenient to Republicans. According to CBS News, the debt limit was increased 18 times under Reagan’s terms. During President George W. Bush’s two terms, Republicans in Congress overwhelmingly supported raising the debt ceiling only when they were the majority party, like they are now. They would rather play political games instead of pursuing the same policies they have historically supported.

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