All of the Following Are True Statements About Reagan's Economic

All of the following are true statements about Reagan's economic programs except

A) His trickle-down theory was ultimately proven a vital strategy for dealing with economic downturns.
B) His cuts to government spending focused on social programs such as welfare and unemployment compensation.
C) He dramatically increased defense spending.
D) His policies led to an increasing number of billionaires in America.
E) The middle class diminished while the number of people living below the poverty line increased.