The myth of the fiscal straitjacket
by Grant M. Nülle
Ludwig von Mises Institute
08/20/04
About 23 years ago, reluctant Republican legislators acquiesced to increasing the statutory ceiling of the federal debt (then $1 trillion) at the behest of President Ronald Reagan, who assured congressmen that the measure would be a one-time event. The pledge has of course been broken repeatedly; America's sovereign debt stood at $6.9 trillion as of January 2004...
http://www.mises.org/fullstory.aspx?control=1582
Informant: Thomas L. Knapp
Ludwig von Mises Institute
08/20/04
About 23 years ago, reluctant Republican legislators acquiesced to increasing the statutory ceiling of the federal debt (then $1 trillion) at the behest of President Ronald Reagan, who assured congressmen that the measure would be a one-time event. The pledge has of course been broken repeatedly; America's sovereign debt stood at $6.9 trillion as of January 2004...
http://www.mises.org/fullstory.aspx?control=1582
Informant: Thomas L. Knapp
Starmail - 23. Aug, 10:04
