Reagan's economic target was to drown government in a cocktail of lowered government spending, deregulation and reduced tax rates. However, in order to shrink government to bathtub size, the role of private business had to expand to fill basic needs, which was totally fine with Republicans.
But another consequence of Reaganomics, one that doesn't jive so much with traditional Republican values, is the reduction of states' powers. Local governments are beginning to see the real meaning of trickle-down economics: dwindling federal funds make it harder for states and cities to meet annual budget requirements.
Did the Reagan Revolution actually win? Local and State Governments are Selling Off Public Property and Services
Donald Trump has ordered the US government to consolidate its wildland firefighting force into a single...
Protests against the Trump administration’s newly intensified immigration raids, centered on Los Angeles, spread across the...
Brad Bondi, the brother of Attorney General Pam Bondi, overwhelmingly lost his bid to lead the...
