Former economic adviser for President Reagan Art Laffer labeled government spending "taxation" Friday and criticized the "additional burdens" put on the economy due to Democrats' spending bills ...

Addressing the Dems first, Reagan’s proposed budgets were annually rejected by Democrats who controlled the House of Representatives. To say that “Reagan’s spending” caused deficits ...

President Ronald Reagan’s 1981 tax cuts contributed to a sharply higher federal deficit by the midpoint of his two-term administration. It reached as high as 5.7% of GDP in 1983—enough to ...

The Federal Reserve Bank of St. Louis keeps track of federal outlays in a handy graph. (See illustration.) In 1981, federal spending was 21.2% of gross national product (GDP). In 2023, federal ...

This trend is reflected in the size of the federal workforce. In 1981, when Reagan took office, we had 2,961,000 federal employees. In December 2024, federal employees totaled 3,010,000.

Reagan addressed this challenge with budget reconciliation, packaging more than 200 program changes into one bill. Congress had to consider the entire budget on his terms and voted in favor.

In 1982, the federal budget deficit rose above $100 billion for the first time (those were the good old days), and President Ronald Reagan agreed to an infamous budget deal with House Speaker ...

Americans are showing rising confidence in the military after years of decline and supporting increased military spending as President-elect Donald Trump prepares to take office, according to the l… ...

He must pursue a variety of spending cuts that will clearly serve the interests of the American public as a whole, and not just his supporters. Opinion - What Trump and DOGE can learn from Reagan ...

What Trump and DOGE can learn from Reagan’s successes and failures by Tracy C. Miller, opinion contributor - 01/24/25 2:00 PM ET ...