Budget cuts Tax cuts Increased defense spending.
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Transcript of Budget cuts Tax cuts Increased defense spending.
•Budget cuts•Tax cuts• Increased
defense spending
• Budget cuts: cut in Government spending on social programs
– Food stamps
– Medicaid
– Job training
– School lunches
– Student loans
• Tax Cuts: STIMULATE PRIVATE INVESTMENT
• Supply-side economics: lower taxes = people saving more = banks use that money to give loans to businesses = invest in resources to improve productivity
• Supply goes up prices go down STIMULA
• Deregulation: cutting back of federal regulation of industry– Eliminate federal health
and safety inspections for nursing homes
– CUT BUDGET OF EPA– Cut entitlement programs
(welfare benefits
• Sandra Day O’Connor first woman appointed to the Supreme Court
• Supreme Court becomes very Conservative
• Ended Liberal Control over the Supreme Court