--- title: "Meaning & Key Takeaway of: A drastic reduction in the deficit...will…" description: "\"A drastic reduction in the deficit...will take place in the fiscal year '82.\" — Ronald Reagan" image: "https://sms4smile.com/quotes/i/d95/ronald-reagan-119_deficit_a-drastic-reduction-in-the-deficit-will_3090499.jpg" --- # A drastic reduction in the deficit...will take place in… ![“A drastic reduction in the deficit...will take place in the fiscal year '82.” quote by Ronald Reagan](https://sms4smile.com/quotes/i/d95/ronald-reagan-119_deficit_a-drastic-reduction-in-the-deficit-will_3090499.jpg) [Download](https://sms4smile.com/quotes/i/d95/ronald-reagan-119_deficit_a-drastic-reduction-in-the-deficit-will_3090499.jpg) [Open image](https://sms4smile.com/quotes/i/d95/ronald-reagan-119_deficit_a-drastic-reduction-in-the-deficit-will_3090499.jpg) > “A drastic reduction in the deficit...will take place in the fiscal year '82.” [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Fiscal policy will drastically cut the deficit in the upcoming year, aiming to improve economic stability. **In simple terms:** Deficit will be sharply reduced next year. Key Takeaway Support responsible budgeting. Themes economics policy deficit Mood pragmatic optimistic Type political economic When to use this quote - government budgeting - tax reform - public debt management - economic planning Key Concepts political science public finance Questions to Reflect On - What measures will ensure the cuts are effective? - How might this affect public services? A Different Perspective Implementation may face political resistance and economic side effects. ★ ★ ★ ★ ★ No ratings yet [Economy](https://sms4smile.com/quotes/about/economy/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [A drastic reduction in weapons competition following a general release from the commitment to the Cold War would be sharply in conflict with the…](https://sms4smile.com/quotes/john-kenneth-galbraith/a-drastic-reduction-in-weapons-competition-following-a-general/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [If politicians stopped meddling with things they don't understand, there would be a more drastic reduction in the size of government than anyone in…](https://sms4smile.com/quotes/thomas-sowell/if-politicians-stopped-meddling-with-things-they-don-t-understand/) [Thomas Sowell](https://sms4smile.com/quotes/author/thomas-sowell/) > [If life is to survive on this planet, there must be a decontamination of the Earth. 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Snow](https://sms4smile.com/quotes/author/john-w-snow/) > [Currently, the United States provides 22 percent of the U.N. annual budgets, over $900 million in fiscal year 2007, and some of that funding…](https://sms4smile.com/quotes/michael-mccaul/currently-the-united-states-provides-22-percent-of-the-u-n-annual/) [Michael McCaul](https://sms4smile.com/quotes/author/michael-mccaul/) > [I can't believe that this world can go on beyond our generation and on down to succeeding generations with this kind of weapon on…](https://sms4smile.com/quotes/ronald-reagan/i-can-t-believe-that-this-world-can-go-on-beyond-our-generation-and/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [It is my fervent goal and hope... that we will someday no longer have to rely on nuclear weapons to deter aggression and assure…](https://sms4smile.com/quotes/ronald-reagan/it-is-my-fervent-goal-and-hope-that-we-will-someday-no-longer-have-to/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [Unmarried couples should get married - that's an excellent tax avoidance measure, if a bit drastic.](https://sms4smile.com/quotes/john-whiting/unmarried-couples-should-get-married-that-s-an-excellent-tax/) John Whiting ## More by Ronald Reagan > [Today, the world looks to America for leadership. And America looks to its Corps of Marines.](https://sms4smile.com/quotes/ronald-reagan/today-the-world-looks-to-america-for-leadership-and-america-looks-to/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [I've long believed one of the mainsprings of our own liberty has been the widespread ownership of property among our people and the expectation…](https://sms4smile.com/quotes/ronald-reagan/i-ve-long-believed-one-of-the-mainsprings-of-our-own-liberty-has-been/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [You know, by the time you reach my age, you've made plenty of mistakes if you've lived your life properly. So you learn. You…](https://sms4smile.com/quotes/ronald-reagan/you-know-by-the-time-you-reach-my-age-you-ve-made-plenty-of-mistakes/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [Yes, across Europe, this wall will fall. For it cannot withstand faith; it cannot withstand truth. The wall cannot withstand freedom.](https://sms4smile.com/quotes/ronald-reagan/yes-across-europe-this-wall-will-fall-for-it-cannot-withstand-faith/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [Simple fairness dictates that government must not raise taxes on families struggling to pay their bills.](https://sms4smile.com/quotes/ronald-reagan/simple-fairness-dictates-that-government-must-not-raise-taxes-on/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [The time has come to turn to God and reassert our trust in Him for the healing of America - our country is in…](https://sms4smile.com/quotes/ronald-reagan/the-time-has-come-to-turn-to-god-and-reassert-our-trust-in-him-for/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [Professional politicians like to talk about the value of experience in government. Nuts! 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It…](https://sms4smile.com/quotes/alan-greenspan/i-cannot-conceive-of-a-politically-feasible-solution-to-this-problem/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [The deficit crisis is real and must be addressed. But it cannot be solved on the backs of the weak and vulnerable.](https://sms4smile.com/quotes/bernie-sanders/the-deficit-crisis-is-real-and-must-be-addressed-but-it-cannot-be/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [You know, dramas are much more expensive to do than say a comedy, so any kind of deficit like that is picked up on…](https://sms4smile.com/quotes/paul-guilfoyle/you-know-dramas-are-much-more-expensive-to-do-than-say-a-comedy-so/) [Paul Guilfoyle](https://sms4smile.com/quotes/author/paul-guilfoyle/) > [The major cause for American Negroes intellectual and social deficits is hereditary and racially genetic in origin and thus not remedial to a major…](https://sms4smile.com/quotes/william-shockley/the-major-cause-for-american-negroes-intellectual-and-social-deficits/) [William Shockley](https://sms4smile.com/quotes/author/william-shockley/) > [Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today…](https://sms4smile.com/quotes/robert-c-solomon/back-in-those-days-in-the-fifties-and-sixties-countries-had-balance/) [Robert C. 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