During the reagan administration the deficit grew by?
There was a massive increase in Cold War related defense spending that caused large budget deficits. The United States borrowed heavily both domestically and abroad, raising the national debt from $700 billion to $3 trillion.
Answered by Elizabeth K. -
About United States
The United States of America is a republic comprised of fifty states and one federal district, Washington D.C. Originally a British colony, the U.S fought a valiant war and signed a Deceleration of Independence to forever free themselves from British control. The U.S is home to some 300 + million people.
About National Debt
The US National Debt is the measure of obligation the federal United States government owes. As of December 31, 2010, the total debt outstanding was $14.03 trillion dollars. The debt has increased over $500 billion ever year since 2003, with excess of $1 trillion since 2008.
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