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Re: Below is the full Reagan letter to Baker. 

By: fizzy in ROUND | Recommend this post (1)
Sat, 23 Jul 11 7:49 AM | 80 view(s)
Boardmark this board | De's Test Board 		Msg. 34018 of 45644
(This msg. is a reply to 34008 by Decomposed)
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We were the world's biggest creditor. We are now the world's biggest debtor. Figure it out. It isn't rocket science. The more you borrow the less credit-worthy you become as your interest overhead increases and reduces solvency, stability, and efficiency.


I have come to realize that men are not born to be free. Liberty is a need felt by a small class of people whom nature has endowed with nobler minds than the mass of men. -Napoleon

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The above is a reply to the following message:
Re: Below is the full Reagan letter to Baker.
By: Decomposed in ROUND
Sat, 23 Jul 11 12:20 AM 		Msg. 34008 of 45644

re: "This country now possesses the strongest credit in the world."

Wow! What a difference 25 years makes! We had the strongest credit in the world, and here we are in 2011, about to have our credit rating lowered.

Thanks for posting that, clo. Does this mean that you're now agreeing with me that the credit limit should NOT be increased?

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