Reagan's economic target was to drown government in a cocktail of lowered government spending, deregulation and reduced tax rates. However, in order to shrink government to bathtub size, the role of private business had to expand to fill basic needs, which was totally fine with Republicans.
But another consequence of Reaganomics, one that doesn't jive so much with traditional Republican values, is the reduction of states' powers. Local governments are beginning to see the real meaning of trickle-down economics: dwindling federal funds make it harder for states and cities to meet annual budget requirements.
Did the Reagan Revolution actually win? Local and State Governments are Selling Off Public Property and Services
June Lockhart, who became a mother figure for a generation of television viewers whether at home...
A shooting near Howard University has left at least four people shot, police in Washington DC...
A baby is expected to make a full recovery and two Fort Worth police officers are...
