Identify two of the main policies that made up president reagan's domestic program?

Question

Identify two of the main policies that made up president reagan's domestic program?

Answer 1

1.s***w the poor and

2.s***w them some more

his foreign policy consisted of insulting  a country that had a ton of nukes on a regualr basis.

Answer 2

His domestic policy agenda focused on cutting taxes, balancing the budget, withdrawing support from social welfare programs, and returning some powers to the state governments. Reagan believed that if the US could accomplish these goals, the federal government could save billions of dollars and stimulate the economy at the same time.

Reagan's economic policies were based on the works of economist Arthur Laffer who argued that cutting taxes for the businesses and wealthier quarter of American citizens would encourage spending and put more money into the economy as a whole. The money in turn would then eventually "trickle down" or find its way into the middle and poorer classes of Americans making everyone better off. Reagan reasoned that if these tax cuts at the top of society could trickle down and make everyone richer, the government could stop many of its social welfare programs involving transfers of payments to the poor. Laffer's theory was generally referred to as supply-side economic theory or, more colloquially, Reaganomics, because Reagan promoted the policies.

Reganomic principles went against everything that liberal Keynesian economic principles had taught. According to Keynesian theory, the economy could be stimulated by government spending. Supply-side economic theory sounded good in theory, George H.W. Bush once referred to supply-side theory as voodoo economics for this very reason. Many economists doubted that tax cuts for the wealthy would ever generate spending let alone a trickle-down effect.

True to his word, Reagan cut funding from many social welfare programs including food stamp programs, and various programs to assist for struggling mothers and children. During Reagan's first few years in office, the government cut welfare program spending by over $20 billion a year. He also succeeded in slashing taxes to a point where the government was barely collecting any income revenue. Americans loved the tax cuts, but it was not necessarily good for them. Without tax revenues, the government was unable to pay for the services it provided. Worse, even though Reagan dramatically reduced tax rates, he actually dramatically increased total government spending, particularly in the areas of defense, and ironically, social welfare programs. Although Congress cut billions of dollars a year from the social welfare agenda, the rate of spending was still increasing. The American President Biography series noted that social welfare spending increased between 1980 and 1988 from $313 billion a year to $533 billion a year.

Because government revenue (taxes) did not equal government spending, the government was forced to borrow money each year. The national debt skyrocketed to unprecedented levels, almost $1 trillion. As a result, people in all sectors lost their jobs and inflation soared. The economic hardships of the time became evident in the stock market crash of 1987, one of the worst stock market crashes since the crash of 1929. Many historians and economists blame Reagan's 'voodoo economic' policies and extreme deficit spending for the crash and economic hardships, although that conclusion is debatable.

Also noted, Many Americans were also displeased with Reagan's denial of the drug abuse problems in the country and with the AIDS epidemic that was spreading rapidly throughout the US. President Reagan viewed these problems with a moralistic lens; he figured that these problems reflected what he believed was the overall decline of American morals rather than a social problem that government could help solve.