Indicative content interpretations Flashcards
the reagan question
what did Reagan do that was good for inflation and GNP
GNP expanded by 30 per cent from 1982 to 1989, with inflation falling from 10.3
per cent to 4.8 per cent over the same period, restoring public confidence in the
federal government’s steering of the economy
how did Reagans attitude to democrats help him pass economic laws
Reagan’s bipartisan cooperation ( 2 major parties agree with each other) with House Democrats avoided gridlock and led to
the passage of significant legislation, such as reform of Social Security and the Tax
Code (1981 bill) a legacy that was followed under Clinton
how did the 1986 tax reform act help the poor
The 1986 Tax Reform Act effectively removed the working poor from federal
income taxation, and the expansion of the Earned Income Tax Credit reached 19
million low- and middle-income American families by 1996.
how Reagan failed the budget deficit
The Reagan administrations failed to tackle the budget deficit, had limited success
in reducing government spending and oversaw problems in the stock market and
financial sector from 1987
in 1980 the national deficit was $59 million however by 1983 it was up to $208 million
how he ignored environmental problems
Reagan’s emphasis on limited government led to a weakening in the institutional
capacity ( the amount of resources in a place) of government in areas such as environmental control
The impact of Welfare to workfare
Attempts to shift from welfare to workfare left many on incomes below benefit
levels, and were additionally hampered by issues such as inadequate childcare
provision
he made a rule that one member of the family must be working to claim benefits. this was particularly difficult for single parents
the impact of reducing the social housing budget
By the mid-1980s, the number of families eligible yet unable to find social housing
had grown to over 3.7 million, with federal spending on housing falling by over two thirds during the Reagan era.
the impact of federal tax cuts
Federal deregulation and tax policies encouraged business growth, and the
longest run of economic expansion in American history began in 1983, which
lasted until well into the 1990s
Reagan’s impact on bush and Clinton
Attitudes towards smaller government were essentially accepted in the
longer-term by both the electorate and both major political parties, e.g. the
political cost of Bush reneging (abandoning) over tax increases, Clinton’s New Democrats.
what did the office for management and budget do
Reagan’s Executive Order 12291 (1981) established the principle that
government regulation should only be issued after a cost-benefit analysis, to make sure that they were earning more then they were putting in, a
process overseen by the Office for Management and Budget (OMB)
