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I remember when Reagan was in office and Time magazine ran a whole issue on the debt, and in his first term, he had increased the debt more than all the previous presidents combined. I don't remember if those dollars were adjusted for inflation. I think they were. Reagan really increased military spending and also cut taxes, which resulted in a huge increase in the deficit and ultimately the debt. It only got worse in his second term. (Or better, if you credit his deficit spending with winning the cold war.)
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