Reagan believed that putting more money into people's pockets would cause them to spend more. This would increase the profits of business and make them hire more people. This expanded economy would bring in more tax money even though the tax rate was decreased.
He did not favor deep cuts in the military budget.
No. Eisenhower did not balance the federal budget. You must realize that Congress sets the budget. The president can only give his advice which need not be taken.
economic recession
The federal deficit rose significantly during the Reagan administration. Ronald Reagan was the 40th U.S. President, serving from 1981 to 1989.
Determined to balance the budget.
Yes, in President Carter;s last year in office his administration submitted a balanced budget to congress. Nixon NO; Ford NO; Reagan NO; Bush NO.
To increase savings and investments, increase economic growth and balance the budget.
To increase savings and investments, increase economic growth and balance the budget.
David Stockman was the Director of the Office of Management and Budget under President Reagan.
Yes. Jimmy Carter had deficits of $75 billion a year. Reagan had deficits of over $200 billion a year. He increased the national debt by 189%, the biggest increase of presidents in the last hundred years.
sorry not Budget deficit... budget balance
sorry not Budget deficit... budget balance