President Ronald Reagan expressed his ideas for the new administration during his first inaugural address to the American people about the country’s economy. He attempted to reduce federal government spending and decrease the national debt during his two terms in office. President Reagan was concerned about the financial stability of the United States and the people that occupied it. In 1981, the debt incurred by the public reached 25.2 percent of the gross domestic product.1 He wanted to eliminate excessive spending in government programs and the debt of American citizens. President Reagan stated, “All of us need to be reminded that the Federal government did not create the states, the states created the Federal government.”2 No president, …show more content…
John Samples, "Policy Report: Limiting Government, 1980–2010." Cato Institute. February 16, 2012. Accessed January 20, 2018. https://www.cato.org/policy-report/marchapril-2010/limiting-government-1980-2010.
6. “Introduction to the Historical Tables – White House, 2. 7. “The Reagan Years” 8. Larry Kudlow, "What Did Reagan's Inaugural Say?" National Review. January 19, 2009. Accessed January 17, 2018. http://www.nationalreview.com/article/226717/what-did-reagans-inaugural-say-larry-kudlow.
9. Moore, “The Reagan Presidency and Foreign Policy” 10. "Reagan's Star Wars Program...More than $200 Billion Later." AllGov. Accessed January 23, 2018. http://www.allgov.com/news/top-stories/reagans-star-wars-programmore-than-200-billion-dollars-later-130526?news=850123.
11. “Introduction to the Historical Tables – White House, 9. 12. Ibid, 8. 13. Ibid, 5.
Bibliography
"Introduction to the Historical Tables - White House." Accessed January 22, 2018.
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"What Did Reagan's Inaugural Say?" National Review. January 19, 2009. Accessed January 17, 2018. http://www.nationalreview.com/article/226717/what-did-reagans-inaugural-say-larry-kudlow.
Moore, Raymond A. "The Reagan Presidency and Foreign Policy." The Reagan Presidency, 1990, 179-98. doi:10.1007/978-1-349-20594-3_9.
Reagan Foundation. 1st Inaugural Address: President Reagans Inaugural Address 1/20/81. April 15, 2009. Accessed January 17, 2018. https://www.youtube.com/watch?v=LToM9bAnsyM&feature=youtu.be
"Reagan's Star Wars Program...More than $200 Billion Later." AllGov. Accessed January 23, 2018. http://www.allgov.com/news/top-stories/reagans-star-wars-programmore-than-200-billion-dollars-later-130526?news=850123.
Samples, John. "Policy Report: Limiting Government, 1980–2010." Cato Institute. February 16, 2012. Accessed January 20, 2018. https://www.cato.org/policy-report/marchapril-2010/limiting-government-1980-2010.
“The Reagan Years.” 2018. Ushistory.org. Independence Hall Association. Accessed January 17.