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
It’s Over: The Middle Class Is Disappearing
What’s me guys? It’s Graham here. Apparently, the middle class is quickly disappearing at an alarming rate. In fact, the situation is getting so dire that less than a year ago, Fortune stated that the middle class is bracing for its next financial blow. A…
How To Be More Focused While Studying - A Quick Guide
Hey, it’s Joey and welcome to Better [Music] Ideas. So, if you’re anything like me, you find it sometimes really difficult to just dive into work. I’m talking not really about procrastination, but the specific inability to eliminate distractions and get i…
Student navigation | Using course mastery on Khan Academy | Khan for Educators | Khan Academy
Hi, I’m Stacy with Khan Academy. And today I’m going to show you how students will navigate our new mastery view within the learning platform. Students will no longer need to navigate to a course homepage, or to their learner homepage, in order to find …
Stoicism | What are Apatheia, Ataraxia & Eudaimonia?
In Greek philosophy, we can distinguish several human ‘states of mind and being’ that can be acquired by correct philosophical understanding, as well as the pursuit of virtue. The main goal of a Stoic is to live in accordance with nature. Such existence m…
Jessica Brillhart, Immersive Director, on VR and AR
So, you started your company this year. My great question: So, this actually ties into my past, actually. I was at Google for years. I started as their first filmmaker with the Creative Lab. I moved on five years later into the Google VR team, which is no…
Worked example: Maclaurin polynomial | Series | AP Calculus BC | Khan Academy
We’re told that ( f(x) ) is equal to one over the square root of ( x + 1 ), and what we want to figure out is what is the second degree Maclaurin polynomial of ( f ). And like always, pause this video and see if you could have a go at it. So, let’s remin…