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Which of the following Presidents of the USA doubled the national debt in dollar terms in their time in office?

Reagan
Obama
Trump
George W Bush

User Ron Maupin
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1 Answer

3 votes

Answer:

I think that's Reagan

Step-by-step explanation:

President Reagan took office in 1981. He added $1.412 trillion in deficits and almost doubled the debt during his eight years in office. He fought the 1982 recession by signing the Economic Recovery Tax Act of 1981. It reduced the highest marginal income tax rate from 70% to 50% and reduced the corporate income tax for small companies with taxable incomes of $50,000 or less.

Reagan also increased government spending by 2.5% per year. That included a 35% increase in the defense budget and an expansion of Medicare.

User Ewramner
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