The Truth-o-Meter says: Mostly True | Ronald Reagan understood “to make a deal he would have to propose both spending cuts and tax increases,” said Obama
It used to be only Republicans who enjoyed repeating over and over again, "Ronald Reagan! Ronald Reagan! Ronald Reagan!" Now Democrats are getting in on the Reagan name game, too. In answering questions before a meeting of the Newspaper Association of America, President Barack Obama invoked Reagan’s name as a model of fiscal prudence. He started off bashing Republicans, both those in Congress and those running for president, for refusing to consider increased tax revenues as a way to reduce debt and deficits. "The challenge we have …
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