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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (68767)	1/21/2014 10:52:31 PM
From: RMF	Read Replies (1) \| Respond to of 71588

Well, I found this on Reagan's spending and deficits. "Spending during Reagan's two terms (FY 1981–88) averaged 22.4% GDP, well above the 20.6% GDP average from 1971 to 2009. In addition, the public debt rose from 26% GDP in 1980 to 41% GDP by 1988. In dollar terms, the public debt rose from $712 billion in 1980 to $2.052 trillion in 1988, a roughly three-fold increase. [4] The unemployment rate rose from 7% in 1980 to 10.8% in 1982, then declined to 5.4% in 1988. The inflation rate declined from 10% in 1980 to 4% in 1988." [