One of the greatest consequences of Reagan's expansion of the federal debt was to
A) make it harder to get private loans.
B) make foreigners reluctant to accept American bonds.
C) make new social spending practically and politically impossible.
D) undermine the value of the dollar overseas.
E) make further military spending impossible.

Question

Quizplus · Accepted Answer

Reagan's expansion of the federal debt led to increased budget deficits, which made it politically challenging to justify new social spending programs, as fiscal conservatives pushed for reduced government spending.

One of the Greatest Consequences of Reagan's Expansion of the Federal