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
Dollar General, the retail giant that promises “convenience, quality brands and low prices”, has agreed to...
A former law enforcement officer in Tennessee is suing his county and sheriff after he was...
After a 137-year struggle, the Lumbee Tribe of North Carolina has finally received full federal recognition...
Retired NASCAR driver Greg Biffle, his immediate family and others on board a business jet were...
