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What were two of the principal reasons for the huge Federal deficit inherited by President Bush?
Wiki User
∙ 10y ago
massive defense spending by Ronald Reagan
a series of laws reducing the amount of taxes
Wiki User
∙ 10y ago
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Why did the budget deficit rise during the Reagan presidency?
The federal deficit rose significantly during the Reagan administration. Ronald Reagan was the 40th U.S. President, serving from 1981 to 1989.
What is the principal argument for deficit spending?
Principal argument for deficit spending is the central point of controversy in economics.
The Federal deficit has reached into the trillions of dollars.?
The federal deficit is in the trillions of dollars and has been for awhile. As of April 2014, the deficit is at $17,555,437,713,940.
Did the federal deficit has reached into the trillions of dollars?
The federal deficit is in the trillions of dollars and has been for awhile. As of April 2014, the deficit is at $17,555,437,713,940.
What did the Gramm-Rudman-Hollings Act do?
The Balance Budget and Emergency Deficit Control Act is popularly known as the Gramm-Rudman-Hollings Act after the names of its principal sponsors, and was designed to reduce the federal budget deficit around the 1980s.
What was one of the critical economic problems Bush inherited from Reagan?
One of the critical economic problems that Bush inherited from Reagan was the budget deficit. In 1990, the deficit was three times the size in 1980.
When George Bush became president the federal deficit was how many times what it had been when Ronald Reagan took office?
Tripled. (3)
What is the federal deficit by yearl?
2001thru2012
What were the results of the Reagan administration military build up?
Tripled the National debt...this was a stimulas package
Does the federal deficit add to the federal debt?
A budget deficit can lead to more borrowing thereby impacting on the national debt
What is the relationship between the demand-side and the federal budget deficit?
Describe the relationship between demand-side economics and the federal budget deficit.
Will national healthcare increase the federal deficit?
Yes, national healthcare simply increase the federal deficit. I guess that that's just reality
