Foreign Debt

During Reagan’s administration from 1983 through 1985 the nations’ debt increased by 17% each year totaling a 260% increase. During his time in office, Reagan was for tax cuts but ignored reduced spending programs. This resulted in the nation’s debt increasing from 1 trillion dollars to over 2.6 trillion dollars. The purpose of this acquired debt was to secure the rich, at the expense of education, improving the infrastructure, and helping the poor. The current debt that our nation is suffering from dates back to Reagan’s term as president.