Fiscal-Policy

Reagan Deficit Explosion: National Debt Triples From $1T to $3T in Eight Years

1982-01-01 00:00:00 +0000 UTC | Importance: 9/10

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 (OMB) Department of Treasury deficit national-debt reaganomics fiscal-policy supply-side-economics

Eisenhower Approves New Look Defense Policy - Cuts Military Budget by One-Third Despite Pentagon Resistance

1953-10-30 00:00:00 +0000 UTC | Importance: 8/10

President Eisenhower approved National Security Council directive NSC 162/2, establishing the “New Look” defense policy that would reduce real defense spending by nearly one-third over his presidency despite intense Pentagon resistance. The policy reflected Eisenhower’s conviction …

Dwight D. Eisenhower John Foster Dulles Robert B. Carney Matthew B. Ridgway Strategic Air Command defense-budget military-spending pentagon nuclear-weapons fiscal-policy