Also known as Balanced Budget and Emergency Deficit Act, this act mandates maximum allowable deficits and automatic spending cuts to balance the budget; abandoned in 1991.
  • Gramm-Rudman Act
  • Simpson-Mazzoli Act
  • Garn S&L Act
  • Sandra Day O'Connor
first woman supreme court justice; appointed by Reagan
  • Gramm-Rudman Act
  • Sandra Day O'Connor
  • Antonin Scalia
  • Firefighters vs Cleveland
aka Garn-St Germain Depository Institutions Act (1982); deregulated savings and loan associations and allowed banks to provide adjustable-rate mortgage loans; contributing factor in the savings and loan crisis of the late 1980s
  • Simpson-Mazzoli Act
  • War on Drugs
  • Garn S&L Act
  • Gramm-Rudman Act
simplify the income tax code, broaden the tax base and eliminate many tax shelters and other preferences
  • 1986 Tax Reform Act
  • John Hinckley, Jr
  • Kemp-Roth tax cut
  • Morning in America
amended the Internal Revenue Code of 1954; aims to encourage the economic growth through reduction of individual tax rates, expensing depreciable property, and incentives for savings and other small businesses
  • Kemp-Roth tax cut
  • 1986 Tax Reform Act
  • Anthony Kennedy
  • John Hinckley, Jr
The federal economic polices of the Reagan administration, elected inThese policies combined a monetarist fiscal policy, supply-side tax cuts, and domestic budget cutting. Their goal was to reduce the size of the federal government and stimulate economic growth.
  • Reaganomics
  • Robert Bork
  • Anthony Kennedy
  • Office of Management and Budget
1988; part of the savings and loan crisis of the 1980s and 90s
  • Antonin Scalia
  • Office of Management and Budget
  • Silverado S & L collapse
  • Morning in America
conservative supreme court justice appointed by Reagan
  • Morning in America
  • Anthony Kennedy
  • Antonin Scalia
  • John Hinckley, Jr
Presidential staff agency that serves as a clearinghouse for budgetary requests and management improvements for government agencies; given the power to require a favorable cost-benefit analysis of any environmental regulation
  • Reaganomics
  • PATCO
  • Morning in America
  • Office of Management and Budget
Charged with attempting to assassinate Reagan in 1981; wounded the president, the press secretary, and a secret service agent
  • Anthony Kennedy
  • Morning in America
  • Robert Bork
  • John Hinckley, Jr
campaign of prohibition undertaken by US gov, with the assistance of participating countries, intended to both define and reduce the illegal drug trade; includes a set of laws and policies that are intended to discourage the production, distribution, and consumption of targeted substances; reduced rates of adolescent drug use; did little to reduce the availability of drugs on the street, great financial burden for America
  • Garn S&L Act
  • Simpson-Mazzoli Act
  • War on Drugs
  • Gramm-Rudman Act
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