increases in the defense budget and steady spending on social welfare and entitlement programs.
Large budget deficits can lead to future problems with other countries that result because we are in debt to them.
The U.S. experienced major deficits in the 1980s primarily due to significant tax cuts, increased military spending, and economic policies that emphasized deregulation. The Reagan administration implemented large tax reductions aimed at stimulating investment and growth, which, combined with elevated defense expenditures during the Cold War, led to increased federal borrowing. Additionally, the recession in the early part of the decade reduced tax revenues, exacerbating the budget deficits. These factors collectively contributed to a substantial rise in the national debt.
According to some economists, neither high unemployment nor large deficits will keep the economy from rebounding.
increased deficits
They are closing 54 schools because of large budget deficits.
The Reagan National Airport, which is located in Washington state, is large. The airport has three runways, all of which are over 1000 feet long, and has three terminals.
Reagan ran against the incumbent Jimmy Carter in 1980. Carter had approved a failed hostage rescue operation that made the US look bad , had given away the Panama Canal and the economy was plagued with runaway inflation and large deficits. Reagan ran on a platform of cutting welfare fraud , cutting the deficit and strengthening national defense and US prestige. He had demonstrated success in the first two areas while he was governor of California. Before the campaign began, Reagan was already nationally-known from his TV appearances, radio spots and newspaper columns.
Defense spending. Military personnel received massive pay increases under Reagan.
what do large US corporations pay in Federal income tax
Federal Agent at Large - 1950 is rated/received certificates of: USA:Approved
what is the probable result called when the government attempts to cover large deficits by creating more money
Large amounts of meat, mainly from other dinosaurs.