Republican dominance and its opponents, 1981-92 Flashcards

(1 cards)

1
Q

Stuff that Reagan did teehee

A
  • Literakky just Thatcher but okay
  • Trickle-down economics - abandoned demand-side in favour of supply-side
  • Reduction of state intervention in states, defederalization.
  • Major tax cuts + reductions in public spending - Omnibus Reconciliation Act, cut spending on 300 programmes
  • Messed up medicare and medicaid for giggles, as well as cutting food stamps. Also ‘Workfare’, had to do community service for family support payments
  • Deregulated air traffic control, led to protests - broke the strike, fired the workers and hired non-union workers for the roles
  • Crtiticised Carter for amassing a huge debt, then promptly spent stupid amounts on defence, most during peacetime ever
  • Gramm-Rudman Act trying to not be so in debt, wasn’t all that succesful
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