While Ronald Reagan was president of the United States, the federal deficit increased from 2.6 percent to 6 percent and then, by 1988, fell to 3.1 percent. Because of this, he is often credited with reducing the deficit.Know More
For President Reagan to decrease the federal deficit, he had to employ unique tactics as he firmly believed in cutting taxes for individuals. Reagan passed bills and laws in order to make it tougher for people to evade taxes.
He closed tax loopholes and also reduced a number of different federal tax breaks. Most notably, President Reagan passed reform legislation for Social Security to require those that received higher amounts to pay taxes on a portion of the benefits that they received.Learn more about Economics
Nancy Reagan is the widow of former U.S. President, Ronald Reagan. Famous for her "Just Say No" anti-drug campaign, she was First Lady during her husband's two presidential terms, spanning from 1981 to 1989.Full Answer >
One of Ronald Reagan's most-memorable quotes is part of a speech he delivered in June 1987 when he challenged the Soviet leader, "Mr. Gorbachev, open this gate! Mr. Gorbachev, tear down this wall!" These words became even more impressive when the Berlin Wall fell on Nov. 9, 1989.Full Answer >
Ronald Reagan was a professional actor before he was elected president, and he portrayed American college football player George "The Gipper" Gipp in the 1940 film "Knut Rockne, All American." The phrase "Win one for the Gipper" was purportedly said by Gipp on his hospital bed.Full Answer >
Ronald Reagan's nickname "The Great Communicator" arose from his many public speeches in favor of political conservatism, as well as his ability to connect with his audiences. His 1964 speech "A Time for Choosing," delivered during the 1964 presidential campaign on behalf of Republican nominee Barry Goldwater, is considered the event that launched Reagan's political career.Full Answer >