Reaganomics The Economic Trojan Horse that Undermined America

Reagan's deficit spending did not only affect that period of time, it created a tolerance for deficit spending that will continue to affect the economy for many ... Much is being written about Ronald Reagan's successes in economics, politics and foreign affairs. Just as important was how he responded to his failures. The result has been unprecedented government debt. Reagan has tripled the Gross Federal Debt, from $900 billion to $2.7 trillion. Ford and ... When Reagan took office, the US economy was struggling under what was known as “stagflation” – high unemployment coupled with high levels of ... When Jimmy Carter handed over the presidency to Ronald Reagan, the double-digit inflation he had presided over for three years hurt the poor most of all. the Reagan administration. It ... "Earnings Mobility: Permanent Change or Transitory. Fluctuations?" Review of Economics and Smrisrics, 1982, in press. President Reagan had run a campaign that focused on his desire to tackle three challenges: the economic morass the nation was in, diplomatic ... The Reagan Administration's goals are to: (1) promote cost containment and quality control through competition, and (2) shift the major elements of program ... He got his tax overhaul and the top marginal tax rate plunged to 50%. By the time he left office in 1988 it was down to 28%. It has not gotten ... Reaganomics did ignite one of the longest and strongest periods of economic growth in the US. The result of tax cuts depended on how fast the economy was ...