THE RISE OF POLITICAL CONSERVATISM 1980 1992
PRESIDENT RONALD REAGANS FOREIGN POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the cost of sending United States troops to Bosnia
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instability of the stock market
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lower sales tax revenues collected by state governments
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high levels of spending by the federal government
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Detailed explanation-1: -Tax cuts, stimulus programs, increased government spending, and decreased tax revenue caused by widespread unemployment generally account for sharp rises in the national debt.
Detailed explanation-2: -What Caused the Debt to Grow? During the 1980s, federal government receipts fell well below government expenditures. As the U.S. Treasury borrowed (by issuing Treasury bills, notes, and bonds) to pay its bills, there was a marked increase in the size of the national debt.
Detailed explanation-3: -By 1980 total federal debt stood at $914 billion, an increase of $532 billion since 1970.
Detailed explanation-4: -Factors that contribute to the U.S.’s high national debt include continued federal budget deficits, the government borrowing from the Social Security Trust Fund, the steady Treasury lending from other countries, low interest rates that promote increased investment, and raised debt ceilings.