yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

How have Reagan's policies affected the government? | US Government and Civics | Khan Academy


2m read
·Nov 11, 2024

How have President Reagan's policies affected the government since he left office?

What Ronald Reagan did was set up a titanic debate, really, between those who believed in the New Deal view of government—which was that it was there to help those who could not help themselves and manage an enormous economy and the enormous life of the world's, uh, only superpower or at least one of the two superpowers—and what that on the New Deal side, that was what government should do.

On the Reagan side, he said, "Get government out of the way and let American free enterprise and individual initiative create greatness in America again." So that was just setting up that ideological conversation.

Now, it continued all the way through Newt Gingrich's revolution in 1994 and his clashes with Bill Clinton. They were over the same kinds of things that Ronald Reagan had brought into the debate when he was elected in 1980.

Now the challenge was that Reagan's defense spending and his tax cuts ballooned the deficit. What ended up happening is that the thing he had come to Washington to try to solve, which was the budget deficit, had actually gotten bigger.

So Reagan, who came to town as a tax cutter, ended up ultimately having to raise taxes to solve some of those problems of having a large deficit.

And why is that bad? Because deficits lead to inflation, and inflation is what was strangling America when Reagan came into office.

Inflation was very high, and unemployment was high. So his solution to it, while it kicked off a strong economic recovery, also ballooned the deficit, which is a problem that is still one they wrestle with today.

More Articles

View All
Startup Experts Reveal Their Top Productivity Advice
A lot of people think that they’re great at multitasking, and they are not. I think the best Founders, you’ll see them be very picky with their time, and sometimes it’s the non-obvious things that end up being the things that really unlock your business. …
Exposing "Fake YouTube Gurus" and the business of Selling Courses
There are very few industries out there where you have the potential to make tens of millions of dollars with no employees, no overhead, no office, no physical products, and nothing but a computer, an internet connection, and something to teach. There are…
6 Productivity Habits That Changed My Life
What’s up, Graham? It’s guys here. So, I would consider myself to be a bit of a productivity nerd. I meticulously schedule every hour of the day. I cut out all distractions. I created to-do lists the night before, and my day does not end until every item …
The Housing Crisis that's Collapsing an Economy
If you’ve seen China in the news lately, you’re probably familiar with photos like these: lots of construction seemingly going on until you look closer, and you realize that there’s actually nobody working on these buildings. This is because China’s prope…
Detonation vs Deflagration - Smarter Every Day 1
Hey, it’s me, Destin. So, um… we don’t have really awesome accents and we don’t have a lot of money, but we do know our guns. And we are rocket scientists. So, we’re gonna start a new web series called Smarter Every Day. [Music] Uh, we’re gonna try to te…
2015 AP Calculus BC 2c | AP Calculus BC solved exams | AP Calculus BC | Khan Academy
Part C: Find the time at which the speed of the particle is three. So let’s just remind ourselves what speed is. It’s the magnitude of velocity. If you have the x, actually let me draw it this way. If you have the x dimension of, or the x component of a …