Via Taegan Goddard, here is an excerpt on Reagan and big spending showdowns from Newt Gingrich's 1998 book:
The idea of a grand showdown on spending had long been a staple of conservative analysis. Even before Reagan's inaugural, he had been approached by one prominent conservative who urged him to force a showdown over the debt ceiling and simply refuse to sign on to one until the Democratic Congress reined in its spending plans. Reagan rejected this idea with a comment I wish I had understood better at the time. The conservative activist who told me that story was convinced that Reagan would have won such a showdown. For fifteen years I agreed with him, but I was to learn something about the American people that too many conservatives don't appreciate. They want their leaders to have principled disagreements but they want these disagreements to be settled in constructive ways. That is not, of course, what our own activists were telling us. They were all gung ho for a brutal fight over spending and taxes. We mistook their enthusiasm for the views of the American public.
Things are different this time around in a number of ways. Still, you wonder what a book written 4 years from now looking back will say.