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When George Bush became president the federal deficit debt was how many times what it had been when Ronald Reagan took office?
Wiki User
∙ 12y ago
First of all, the federal budget deficit and the national debt are two different things. The debt is the total of borrowed money owed by the federal government, and the budget deficit is the amount that is added to the debt each year due to the lack of a balanced budget.
During the eight years of Ronald Reagan's presidency, the national debt rose by 1.78 trillion dollars due to eight budgets with deficits ranging from 100 billion dollars to 280 billion dollars being signed into law. That changed the size of the national debt from 960 billion dollars to 2.74 trillion dollars, an increase of 185.4%.
Wiki User
∙ 9y ago
Wiki User
∙ 12y ago3 times
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Which U.S. president called for the Soviet Union to tear down this wall?
President Ronald Reagan
How did President Reagan view the power of the Federal Government?
As a threat to individual freedom.
Who is the oldest president of the US?
GEORGE WASHINGTON. Was our first president of the UNITED STATES.
Who was the last democratic vice president to become president?
George H.W. Bush, who served as president from 1989-1993 and was vice president under Ronald Reagan from 1981-1989.
How did President Reagan use the monroe doctrine?
How did president Reagan use the monroe doctrin
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.
When George Bush became president the federal deficit was how many times what it had been when Ronald Reagan took office?
Tripled. (3)
What were the results of the Reagan administration military build up?
Tripled the National debt...this was a stimulas package
What us president signed a bill creating a federal holiday to honor Ronald Reagan?
George bush
What were two of the principal reasons for the huge Federal deficit inherited by President Bush?
massive defense spending by Ronald Reagan a series of laws reducing the amount of taxes
Who was the president before george h.w bush?
Ronald Reagan was George H W Bush's predecessor. Bush was Reagan's vice president.Ronald Reagan was in office from January 20th 1981 to January 20th 1993.The US President that preceded George H.W. Bush was Ronald Reagan.
Who was the last president shot?
President Ronald Reagan
What grew under president Reagan?
I am not sure what you want to know. Just about everything that could grow, grew under President Reagan- the population, the deficit, the cherry trees, defense spending.
How did president Reagan strengthen the conservative movement using his presidential power?
president reagan appointed conservative judges to federal courts
Did Ronald Reagan's vice president resign?
No - his VP was George H.W.Bush who was elected President after Reagan
What did Ronald Reagan's vice president do?
George H. W. Bush served as president when Ronald Reagan was shot and in the hospital and when Reagan had colon cancer surgery.
Which U.S. president called for the Soviet Union to tear down this wall?
President Ronald Reagan
