Answer:
Record budget deficits resulted from Ronald Reagan's military buildup in the 1980s. STrategic Arms Reduction Treaty.
Step-by-step explanation:
Reaganomics refers to the economic policies instituted by former President Ronald Reagan. As president, Reagan instituted tax cuts, decreased social spending, increased military spending, and market deregulation. Reaganomics was influenced by the trickle-down theory and supply-side economics.