Reagan's policies had produced the largest peacetime budget deficit in American history.

Name: Reagan's policies had produced the largest peacetime budget deficit in American history.
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Reagan's economic policies, known as "Reaganomics," combined tax cuts, increased defense spending, and domestic budget cuts, which significantly increased the national debt, leading to the largest peacetime budget deficits in American history at that time.

Reagan's Policies Had Produced the Largest Peacetime Budget Deficit in American