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Unformatted text preview: The rich not only enjoyed the privileges that came with the tax reduction, but almost everybody did. Businesses expanded and money pockets were filled and filled again. People starting to buy more, as their spendable income increased. These tax cuts and way of thinking not only gave the economy then the boost it needed, but trickled down for twenty years. In the 80s one of his policies gave economic prosperity. He increased military spending. This led to bankrupting the Soviets, but it also made a lot of jobs here in the United States. More jobs leads to more spending, and that helped the economy, and the government social programs did not have to put out so much money that it would add to the deficit. President Reagans politics greatly helped Americas economy. Between the tax cuts, increased military spending, and cutting the money flow into the social programs he was able to boost the economy....
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This note was uploaded on 04/23/2011 for the course AED 201 - 204 taught by Professor Ever during the Spring '11 term at University of Phoenix.
- Spring '11