The Reagan Reverie (“Revolution?”) continues: Republican (fascist/socialist) President Reagan signs the Gramm-Rudman Balanced Budget and Emergency Deficit Control Act, raising the national debt limit from 1,903,800,000,000 to 2,078,700,000,000 “dollars.”
NOTE: Reagan had now doubled the national debt since taking office. So much for conservative Republicans!
[added 8/30/2025]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Balanced Budget and Emergency Deficit Control Act, 99 Public Statutes at Large 1038 (1985).
http://fpc.state.gov/documents/organization/105193.pdf
fpc.state.gov/documents/organization/105193.pdf
Table 7.3—Statutory Limits on Federal Debt: 1940–Current
www.whitehouse.gov/omb/budget/Historicals
Current U.s. National Debt:
