Reagan Deficit Explosion: National Debt Triples From $1T to $3T in Eight Years
The national debt under President Reagan explodes from $997 billion in 1981 to $2.9 trillion by 1989, representing an increase of 186% and adding approximately $1.9 trillion in new debt during his eight-year presidency. Annual budget deficits average 4.0% of GDP during Reagan’s tenure, …
Ronald Reagan
Congress
Office of Management and Budget
Department of Treasury
deficit
national-debt
reaganomics
fiscal-policy
supply-side-economics
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