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Ronald Reagan's tenure as the 40th president of the United States began with his first inauguration on January 20, 1981, and ended on January 20, 1989. Reagan, a Republican from California, took office following his landslide victory over Democrat incumbent president Jimmy Carter and independent congressman John B. Anderson in the 1980 presidential election.
The national debt tripled between the fiscal years of 1980 and 1989, and the national debt as a percentage of the gross domestic product rose from 33 percent in 1981 to 53 percent by 1989. During his time in office, Reagan never fulfilled his 1980 campaign promise of submitting a balanced budget.
President Reagan and Hussien meet with Vice President Bush, Secretary of State Haig, Assistant to the President Allen, and United States Ambassador to Jordan Viets in the Oval Office. [185] President Reagan attends a State Dining Room dinner in honor of Hussien, exchanging public comments with the latter during the night hours. [186]
Grover Cleveland is currently the only president to leave office and return for a second non-consecutive term. Consequently, while there have been 46 presidencies in the nation's history, only 45 people have been sworn into office as Cleveland is numbered as both the 22nd and 24th president. It is anticipated that Donald Trump will become the ...
Ronald Reagan came into office with $10.6 million, thanks largely to a successful acting career. He grew his income by 45% by the time he died in 2004. That, however, is not a fair representation ...
The Reagan team spent $1.75 million of the federal money granted to it. [26] Of this amount, $63,378 went to Vice President-elect George H. W. Bush for personal compensation and benefits. [26] The Government Accountability Office would find that, in their use of government funds, the Reagan transition team did not always follow correct ...
President Ronald Reagan was leaving the Washington Hilton hotel after giving a speech to a union group when John W. Hinckley Jr. opened fire from his .22-caliber revolver. At the sound of the ...
By the time Reagan left office in 1989 it was $600,000. Today it is $13,610,000. This means that today nearly all wealthy children enjoy tax-free access to generational wealth.