In response to:

For Once, Republicans Must Ignore All Calls and Jump off Cliff

Reginald10 Wrote: Dec 13, 2012 5:16 PM
You can't make this Administration "scream for more revenue". They'll just print more money, and spend that. Doesn't the Constitution reserve to the House the right to authorize the coinage of money? How does the Treasury / Federal Reserve get away with ?

I remember it well. It was Christmastime 1995, and much of the business establishment seemed furious with then-Speaker Newt Gingrich. As his political chair, I was hearing them out. Moreover, I was by then CEO of one of the nation's largest producers of corporate annual reports -- big-ticket items -- so I was listening intently.

But I had no influence. Bill Clinton was having nothing to do with Newt's threats to "shut down" the government, and that is exactly what Newt did -- twice -- both in December of 1995 and again in January of 1996. The result? Clinton...