Claim: Ron Paul wrongly suggests Ronald Reagan reluctantly agreed to a "debt ceiling compromise" in 1987. There was no disagreement over raising the debt ceiling. In fact, Reagan said he had "no objection whatsoever" to raising the debt ceiling. Reagan opposed the main provision of the legislation that threatened to impose deep spending cuts, including to the military, if the president and Congress did not reduce the deficit by a certain amount. Paul, the populist Texas congressman who is running for the Republican presidential nomination,
Fact-check: Ron Paul Ad Invokes Reagan, Imprecisely - FactCheck.org
Verdict: ron paul wrongly suggests ronald reagan reluctantly agreed to a "debt ceiling compromise" in 1987. there was no disagreement over raising the debt ceiling. in fact, reagan said he had "no objection whatsoever" to raising the debt ceiling. reagan opposed the main provision of the legislation that threatened to impose deep spending cuts, including to the military, if the president and congress did not reduce the deficit by a certain amount. paul, the populist texas congressman who is running for the republican presidential nomination,
Organisation: FactCheck.org
Author: Eugene Kiely
Date published: 2011-07-15T13:53:50