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.
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
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 >
Under President Ronald Reagan, the misery index fell from 19.33 percent to 9.6 percent, unemployment fell to about 5.4 percent and inflation fell from 13 percent to 4.1 percent. His policies were used as a model for later conservative leaders.Full Answer >
"Development administration" refers to the administration of policies, programs and projects that contribute to the development of a nation and have significant sociopolitical and socioeconomic impact on the countries involved. It is performed by bureaucrats who are talented and highly experienced. Development administration models are driven by the desire for change. Most development functions have specific objectives, and planning for both resources and time is crucial to the model.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 >