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At the same time, he proposed large increases in military expenditures ($1.5 trillion over a five-year period) and significant cuts in discretionary spending on social-welfare programs such as education, food stamps, low-income housing, school lunches for poor children, Medicaid (the major program of health insurance for the poor), and Aid to Families with Dependent Children (AFDC). We are all federalists. He also established a firm call for unity and reconciliation: Let us, then, fellow-citizens, unite with one heart and one mind., Lincolns second inaugural address was delivered shortly after the conclusion of the Civil War and less than six weeks before his assassination. Which is the best example of how Reagan dealt with the Soviet Union from a position of . The administration modified its economic policy after two years by proposing selected tax increases and budget cuts to control rising deficits and higher interest rates. Bush once called it, "voodoo economics." As president, Reagan enacted supply-side economic policies, or "Reaganomics," that reduced tax rates to stimulate the economy, while controlling the cash supply to lower inflation. Ronald Wilson Reagan (/ r e n / RAY-gn; February 6, 1911 - June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. This essay examines Ronald Reagan's first inaugural address. What issues are not relevant anymore? Classic Speeches: 1940-1987 - audible.com How Ronald Reagan ended the cold war - Niskanen Center What should a president try to accomplish in an inaugural address? It was evident in his address to the Federalist Society in late 2020, warning that religious liberty "is in danger . Best and Worst Inaugural Addresses - ABC News An illustration of a magnifying glass. All must share in the productive work of this ''new beginning,'' and all must share in the bounty of a revived economy.