Describe President Coolidge’s fiscal policy while in office.

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Explanation:

Don’t be fooled by recent reports that deficits are narrowing. The federal debt is on course to skyrocket over the next decade. Recovery or recession, it seems, Americans and their government don’t care much about the federal debt. We certainly aren’t paying our debt down. Congressional Budget Office Director Douglas Elmendorf even noted recently that “payments by the government have been quite low.”

Could America ever find a leader who might cut our debt? There’s reason for hope. We at least have a model from history. There was once a president who stared down big government and won the battle for control of the debt. That president was Calvin Coolidge.

The thirtieth president was a rare treasure; a politician who didn’t just talk the talk, but actually walked the walk when it came to fiscal discipline. In 1923, the year Calvin Coolidge entered the White House, the Federal Government spent $3.14 billion. By 1928, his last full year in office, the Feds spent $2.96 billion. Calvin Coolidge, a president who left office more than eighty years ago, is the last chief executive to have cut the size of government.