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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.
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 ...
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 ...
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AlterNet on MSN'Playbook of the Reagan-era GOP': Expert explains why MAGA is pushing wildly unpopular policyDuring a scathing presentation on June 30, CNN data guru Harry Enten showed just how wildly unpopular the proposals in ...
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How Markets Have Responded to Deficits, in Charts - MSNPresident 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 ...
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 was a Republican president and O’Neill the Democratic House speaker he had to deal with, the story goes, but the two were great friends who put politics aside and the government ran smoothly.
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… ...
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 ...
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 ...
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