Ronald Regan increased spending on the military
Ronald Regan increased spending on the military
Decreasing the size of federal government.
Federal spending on forgein aid increased demand for U.S goods.
increased number of federal courts
He kept taxes low and increased govt. spending.
More powerful judiciary
decreased saving and increased spending
Government spending at all levels-federal, state, and local-has increased significantly over the years.
Most federal mandatory spending is spent on entitlements.
what did john maynard Keynes support the idea of pump priming despite increased federal budget deficits
Consumer spending is called consumption, which is a component of Aggregate Demand in our economy. In monetary policy, the Federal Reserve can buy treasuries, lower the reserve requirement, and lower the discount rate which will increase consumption. In fiscal policy, the government can cut taxes to increase consumer spending.
The largest area of federal spending today is for social security. This is followed by Medicare, and Medicaid. Next in line is defense spending.