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Week 5, Discussion 1, the Age of Reagan Essay

He was the 40th president of the United States. He put into practice extensive new political and financial schemes. Reagan supply-side economic strategies, dubbed “Reaganomics”, implementing reduced tax rates to prompt economic development, calculating the money supply to decrease price increases, deregulation of the financial system, as well as decreasing government expenditure. In his presidential address he called upon Americans to “begin an era of national renewal.” In order to solve the major problems those country faces like both overseas and household, Reagan stated his recognizable movement expression: “Government is not the solution to our problem, government is the problem.” He also stated that United State “will again be the exemplar of freedom and a beacon of hope for those who do not have freedom.” He advanced domestic strategies that attributed a reduction of federal government accountability in solving social troubles, dropping limitations on trade, as well as into practicing tax cuts. Worldwide, he established a violent resistance to the extent of collectivism all through the world and a tough mistrust of the Soviet Union, which in 1983 he tagged an “evil empire.” Reagan campaigner a rearmed and strong military in addition, to what was in particular helpful of the MX projectile scheme as well as the Strategic Defense Initiative (“Star Wars”) plan. His economic strategies came to be identified like “Reaganomics,” an effort, from the Cannon perspective in order to “balance the federal budget, increase defense spending, and cut income taxes.” The President Sweared to look after right programs for instance Medicare and Social Security. Although, cutting the expenditure for social programs by targeting “waste, fraud and abuse.” He clinched the assumption of “supply side economics,” that hypothesized that tax cuts encouraged economic growth which in turn amplified the government’s income at an inferior tax charge. References:

Isbouts, J. & Johnson, B. D. (Writers) & Johnson, B. D. (Director). (1998). Powerplay: End of the empire [Television series episode]. In J. Florescu, J. Isbouts, & B. Johnson (Executive producers), Inside the Cold War with Sir David Frost. Los Angeles, CA: Porchlight Entertainment


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