Oh, what a contrast this shows, between leaders.
I seem to recall the debt limit being raised when Reagan was in office - multiple times! And nobody threw a tantrum and threatened to start slitting throats. I seem to recall Ronald Reagan increasing the national debt with his Star Wars and other pet projects. I seem to recall George Bush, Sr. warning that decreasing revenues and increasing spending was "voodoo economics." No one listened.
Yeah, I just don't look back and see Reagan all that fondly