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Reagan enacted cuts in domestic discretionary spending, cut taxes, and increased military spending, which contributed to a near tripling of the federal debt. Foreign affairs dominated his second term, including the bombing of Libya, the Iran–Iraq War, the Iran–Contra affair, and the ongoing Cold War.

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In the 1980s, President Ronald Reagan rejuvenated the conservative Republican ideology, with tax cuts, greatly increased defense spending, deregulation, a policy of rolling back communism, a greatly strengthened military and appeals to family values and conservative Judeo-Christian morality
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