Ronald Reagan promoted surplus economic policies.
Reaganomics ( [ reɪgəˈnɒmɪks ] a portmanteau of [ Ronald ] Reagan and economics attributed to Paul Harvey ) refers to the economic policies promoted by U.S. President Ronald Reagan during the 1980s . Ronald Reagan . As governor , Reagan raised taxes , turned a state budget deficit to a surplus , challenged the protesters at the University of California , ordered National Guard troops in during a period of protest movements in 1969 , and was re-elected in 1970 .