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
Middle school students in Mississippi acted quickly to halt their school bus from crashing after their...
The American Library Association (ALA) has reported a record high in the number of books banned...
A shooting at a Chicago hospital on Saturday morning left a police officer dead and another...
Eddie Murphy proved to be the undisputed king of comedy as the latest recipient of the...
