| A | B |
|---|
| liberal | favor gov't intervention to help needy |
| conservative | favor free market, private organizations & individuals to help needy |
| New Right | conservative political group latter half 20th century |
| unfunded mandate | programs required but not funded by federal gov't |
| Moral Majority | political group founded by Rev. Jerry Falwell (1979) for religious goals |
| Ronald Reagan | 1980 presidential winner, conservative Republican |
| supply-side economics | assumtion--reduced taxes + people work more = more money to spend, economy grows |
| deregulation | removal of gov't control |
| budget deficit | shortfall between expense and income |
| national debt | amount federal gov't (debt) owes to bond holders |
| voucher | gov't checks |
| AIDS | Acquired Immunodeficiency Syndrome (HIV) |
| Savings & Loan crisis | 1989 S&L's fail to risky loans & fraudulent actions |
