During the presidency of Ronald Reagan did the national debt increase or decrease?

Answer 1

After four years of Reagan's first term (1981-1985) the US National Debt had risen by $650 billion (British 'thousand million'). As a comparison, this four-year amount is $100 billion (Thousand Million) less than President George W. Bush gave to Wall Street bankers at the end of 2008. After four years of Reagan's second term (1985-1989) US National Debt rose an additional $1.04 trillion (British 'billion'). As a comparison, this is $400 billion (British 'thousand million') less than the combined 2008 Bush Wall Street Bailout plus the 2009 Obama Economic Stimulus Package.

Answer 2

The debt went up because Congress reduced taxes and increased government spending.

The debt rises whenever the money spent by the government exceeds the amount collected in revenue. Reagan's administration had the theory that lowering income tax rates would stimulate economic growth and actually result in increased revenue but revenue actually went down.

Answer 3

$2 trillion

Reagan was a conservative; he was pro-free taxes and gave many tax cuts to people and funded a lot of money in programs without taxing. As a result many people were unemployed and the debt grew.

His debt was bigger than all of his predecessors combined

Answer 4

It almost trippled. From 800 billion to over 3 trillion

Answer 5

He quadrupled the National debt

Answer 6

3 Trillion Dollars

Answer 7

Defense spending

Answer 8

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