Senator John Thune claims, incredibly, that President Barack Obama is hurting the country by accurately describing the consequences of the Republicans' unconscionable budget and default brinkmanship. Would Senator Thune have said the same about President Ronald Reagan?
Unfortunately, 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. It means we have a well-earned reputation for reliability and credibility -- two things that set us apart from much of the world [President Ronald Reagan, radio address, 1987.09.26, quoted in "Ronald Reagan Talks about the Debt Ceiling," Politifact.com, 2011.07.22].
Yeah, but that was 1987. Maybe Thune can say it was just the Alzheimer's kicking in.