scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 2,595
REAGANOMICS INEFFECTIVNESS AT ITS BESTReaganomics was and ineffective economic plan for the country I Theory of ReaganomicsII Factors for ReaganomicsA 1970s tough compared to 1960sB Less defense spending more privateIII Application of ReaganomicsA Cut government spendingB Tax-cuts1 Not applied effectively2 Tax-cuts but no spending cuts3 Small fraction shows up as private savingsC Deficit spending1 Produce 100 billion2 Spend 300 billion3 Funding nation with borrowed moneyD Economic growth compared to wages1 Poverty fell little with boom2 1960s boom slashed poverty much more3 Poor workers lose wages4 Top 20 percent of workers increase wagesE Budget Deficits1 Government has less tax revenue2 Mounting national debt3 Net nationals savings collapse4 Drop in net national investmentF Loss of Revenue1 644 billion lost to Treasury department2 Debt doubled3 Additional tax breaksa Capital-gainsb Business write-offsc Retirement accounts4 Collect less than 171 billion less than forecasted5 Deficit expandsIV Effects of ReaganomicsA Tax-Cut Effects1 Shift in burden of taxationa Top fifths taxes fallb Bottom fifths taxes rise2 States increase taxesa 26 states increase taxesb Rise in total national tax burden from states3 National Debta Doubles in sizeb Blame on Reaganomics4 Potential declinesa Loss in GNPb Declining investmentsc Less new technologiesV Present day effects of ReaganomicsA Cut 700 billion in spendingB Already have cut 247 billionC Still not paying of debtConclusionREAGANOMICS INEFFECTIVNESS AT ITS BESTThe national debt is as old as the nation itself Alexander Hamilton Treasury secretary inthe George Washington administration started running the country on borrowed money partlybecause he thought it was desirable for the government to owe money to the wealthy HoweverHamilton did not want the government to borrow money for the sheer thrill of being in debtWhen Hamilton ran the Treasury the ink was just dry on the Constitution and Hamilton didnot know whether the new government would last two years or two centuries So Hamiltonthought it wise to give the wealthy a reason to root for the longevity of a new governmentIf the government owed the wealthy money Hamilton
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA