2010年5月14日 星期五

HW4.6

Did Reagan’s policy fit his brand of conservatism?

Reagan's changes in office obviously did not fit his brand of conservatism.

Reagan’s policy did not fit his brand of conservatism because he promised to end the deficits in; yet, it wasn’t successful. Before Reagan, budget deficits remained below $75 billion. From 1982 to the end of Reagan’s second term, however, annual deficits exceeded $100 billion. In 1986, the annual deficit reached a new record of $221 billion.
Another policy which did not fit Reagan’s brand of conservatism was the tax cutting. Promising to bring America out of economic depression; however, did not work under Reagan. Due to the tax cutting, the national debt nearly tripled from $908 billion in 1980 to $2.6 trillion in 1988. The government had to borrow hundreds of billions of dollars each year just to pay the interest on this debt.

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