Claim: Says Ronald Reagan "understood repeatedly that when the deficit started to get out of control, that for him to make a deal he would have to propose both spending cuts and tax increases."
Fact-check: Ronald Reagan understood "to make a deal he would have to propose both spending cuts and tax increases," said Obama
Verdict: mostly-true
Organisation: PolitiFact
Author: Angie Drobnic Holan
Date published: 2012-04-04T00:00:00