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" "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 Wilson Reagan (6 February 1911 – 5 June 2004) was an American politician and actor, who served as the 40th president of the United States from 1981 to 1989. Prior to his presidency, he served as the 33rd governor of California from 1967 to 1975, following a career as a Hollywood actor and union leader. He was the husband of Jane Wyman (1940–1949) and Nancy Davis (married in 1952).
Biography information from Wikiquote
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I've spoken of the shining city all my political life, but I don't know if I ever quite communicated what I saw when I said it. But in my mind it was a tall proud city built on rocks stronger than oceans, wind-swept, God-blessed, and teeming with people of all kinds living in harmony and peace, a city with free ports that hummed with commerce and creativity, and if there had to be city walls, the walls had doors, and the doors were open to anyone with the will and the heart to get here. That's how I saw it and see it still.
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