0
Reagan, being a conservative, had cut funding for federal programs like welfare and food stamps. However, after doing so he greatly increased funding for defense. This included research and development programs, weapon build-up, etc. The best way to understand Reagan's obsession with defense spending is by looking at his proposal to develop Star Wars. No, not the films, but rather a system of lasers that would detect and destroy any incoming missiles. So, to answer your question, if anything in particular led to the budget deficit, it was defense spending.
What else can I help you with?
What led to the largest US budget deficit in the 1980's?
High military spending and tax cuts.
What led to the largest U.S budget deficit in the 1980s?
Reagan, being a conservative, had cut funding for federal programs like welfare and food stamps. However, after doing so he greatly increased funding for defense. This included research and development programs, weapon build-up, etc. The best way to understand Reagan's obsession with defense spending is by looking at his proposal to develop Star Wars. No, not the films, but rather a system of lasers that would detect and destroy any incoming missiles. So, to answer your question, if anything in particular led to the budget deficit, it was defense spending.
What led to the largest U.S. budget deficit in the 1980s?
Reagan, being a conservative, had cut funding for federal programs like welfare and food stamps. However, after doing so he greatly increased funding for defense. This included research and development programs, weapon build-up, etc. The best way to understand Reagan's obsession with defense spending is by looking at his proposal to develop Star Wars. No, not the films, but rather a system of lasers that would detect and destroy any incoming missiles. So, to answer your question, if anything in particular led to the budget deficit, it was defense spending.
When the federal government began running a budget deficit again in 2002 after 3 years of surpluses for all the following reasons Except?
The federal government began running a budget deficit again in 2002 after three years of surpluses primarily due to increased spending following the September 11 attacks, tax cuts enacted in 2001, and a downturn in the economy contributing to reduced revenue. However, one reason that did not contribute to this deficit was a lack of government revenue from traditional taxation, as tax revenues were still being collected despite the cuts. Instead, the combination of increased expenditures and reduced tax income led to the return of the budget deficit.
Which event led to the end of balanced budgets and the onset of deficit spending?
Alexander Hamilton was the first to have a deficit when he borrowed money to fund the Revolutionary War, but a pattern of deficit spending began with President Roosevelt borrowing money because of the Great Depression. It continued during World War 2 and gross public debt escalated in the 1980's.
What city in Europe has the second largest population?
London is the second largest city in Europe, led by Moscow.
What is the biggest halftime deficit in an NFL game?
The Patriots' 45-point lead at intermission against the Titans (45-0) on Oct. 18, 2009 was the largest halftime lead in NFL history, surpassing the previous mark of 42 when the Packers led the Buccaneers, 49-7, on Oct. 2, 1983.
Who led the political conservative of the 1980?
Ronald Reagan
What years were Led Zeppelin Active?
From 1968 to 1980.
Campaign promise of deficit and welfare reduction that led gingrich's conservative republicans to victory in the congressional election of 1994?
"Contract with American"
Yugoslavia was led from 1945 to 1980 by?
Josip Broz Tito
Who led MLB in batting average in 1980?
George Brett hit .390 in 1980 to lead the Major Leagues.
