History

Question

What were two of the principal reasons for the huge Federal deficit inherited by President Bush?

2 Answer

  • massive defense spending by Ronald ReaganĀ 
    a series of laws reducing the amount of taxes
  • The reasons for the Federal deficit of $1.412 trillion, which represented an increase of 142 percent, inherited by President Bush from Ronald Reagan are several. Among the two main reasons highlight the fact that the 40th President of the United States, Ronald Reagan, increased not only the defense budget but also he expanded the Medicare financial plan.

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