The Reagan Years (FY1982-FY1989)--The Reagan administration ran budget deficits in each of its eight years. The lowest deficit was $188.6 billion in FY1989 and the highest was $311 billion in FY1983. The Reagan years added $1.94 trillion to the national debt and averaged annual deficits of $242.23 billion.
During the Reagan years, the growth rate of total Federal spending was 9.95%, 8.40%, 5.38%, 11.10%, 4.65%, 1.38%, 6.01% and 7.44% respectively. Those eight years average a growth rate of 6.79%. Under Clinton, the growth rate of total Federal spending was 3.72%, 3.69%, 2.95%, 2.61%, 3.21%, 2.98%, 5.10% and 4.20% respectively. Those eight years average a growth rate of 3.56%
Reagan was able to limit the growth. But he had to fight uphill the whole time. As I recall the media and the Rats were attacking him for “budget cuts” the whole time.
All he did was slow the increase and try to stem the ability to massively grow it.
That’s over now. Obama will use spending as a means to circle the wagon later and tax this nation to its knees.