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How did Congress want to reduce the massive Federal deficit caused by the Reagan years?
Wiki User
∙ 10y ago
He kept taxes low and increased govt. spending.
Wiki User
∙ 11y ago
Wiki User
∙ 10y agoReduce spending
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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 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
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 presidents had the highest deficit spending?
Reagan
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.
The Reagan administration committed the US to a?
massive arms buildup
What area is Ronald Reagan's legacy usually considered strongest?
the cold war
When George Bush became president the federal deficit debt was how many times what it had been when Ronald Reagan took office?
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%.
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.
Did Ronald Reagan cut federal pensions?
Yes
What economic problems did Reagan face?
He inherited a country in the middle of a recession from Jimmy Carter. After 2 years, President Regan turned it around and made the USA rich again, although the gap between the rich and poor increased. The deficit also increased, however the President of the USA does not have the power of the line item veto, so the Congress has to take some responsibility for the deficit as well.
