When Reagan was elected the U.S. was running a deficit of about 3% of the GNP, it did increase to close to 6% which was marginal, but still effectible. Nearly every nation on the planet had to increase spending as the international community was trying to jumpstart thier economies through massive government works projects.
Not unexpected since Carter pretty much made a mess of things.
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My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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