What famous liberal uttered the following words?

[Dapper Dan Man]

“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.”

[HERMANator]

Jimmy carter?

[Daniel D]

Reagan said that.

[Gorilla]

Reagan, but he wasn't a liberal

[gcbtrading]

And Congress has a special responsibility to tie that to massive spending cuts.

[bmovies60]

And now the rest in context:

Even though the clip included no reference to taxes, Matthews crowed: "That was, of course, the great Ronald Reagan in his own words back in October of 1987 about raising taxes to deal with the ballooning deficit. Sound familiar? Well today, many Democrats in Congress have picked up on Reagan's comments about raising taxes and are using the most revered of Republican' s words against his own party."

Yet, in that same press conference, Reagan also proclaimed:

RONALD REAGAN: But let me also point something out that I think all of us ought to understand: why I feel so strongly about the tax situation and resorting to taxes to curb a deficit, when they'll do nothing of the kind. In all these years or these 59 months of expansion, our tax revenues - now I believe that this expansion we're having is largely due to the tax cuts that we implemented early in our Administration. But for all this period of time, the percentage of revenues is about - well it's about 19 percent, every year, of the gross national product.

Now, the gross national product has been increasing in size quite sizably. So that if we're getting revenues that are still 19 percent of that larger gross national product than the smaller, it would indicate that the revenues are sufficient.

Reagan added, "I will say this, with regard to taxes or sources of revenue: we must not do something that has an adverse effect - effect - on the economy."

More here:

http://www.mrc.org/biasalert/2011/20110720065334.aspx

[Sageandscholar]

Not really a liberal.

That was of course Ronald Reagan.

B movies - the problem is we are not getting 19% - revenues are currently 14.4% of GDP and have not been 19% since the Bush tax cuts went into effect.
http://www.whitehouse.gov/omb/budget/Historicals

[Cat Lover]

This country now possesses the strongest credit in the world. 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 on the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the cost, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.

Ronald Reagan, letter to Howard Baker, November 16, 1983.

And based on the focus of the current Republican Party today, if Ronald Reagan ran in a Republican primary, he would be accused of being too liberal.

[Jen]

President Ronald Reagan.

http://www.washingtonpost.com/opinions/t...story.html