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.

first woman supreme court justice; appointed by Reagan

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

simplify the income tax code, broaden the tax base and eliminate many tax shelters and other preferences

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

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.

1988; part of the savings and loan crisis of the 1980s and 90s

conservative supreme court justice appointed by Reagan

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

Charged with attempting to assassinate Reagan in 1981; wounded the president, the press secretary, and a secret service agent

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