1. Reagan State of the Union Address 1982
Federalism is a system of government in which entities such as states or provinces share power with a national government
Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline
Deregulation is the reduction or elimination of government power in a particular industry
budget deficit is most commonly used to refer to government spending rather than business or individual spending
The private sector is the part of the economy that is not state controlled, and is run by individuals and companies for profit.
Jurisdiction is the official power to make legal decisions and judgments

2. Reagan – State of the Union Address January 26, 1982
1. What are the two economic problems Ronald Reagan discusses in the first paragraph that contributed to “a new kind of defeatism” felt by the American people?
2. List five actions Reagan says he has already taken to fix the problems of our nation.
3. What are the “four commonsense fundamentals” Reagan says will be the basis of his new plan?
4. How does Reagan feel about raising taxes?
5. Reagan wants to make our system of federalism work again. Describe what you think he means by this.
6. What is the problem Reagan suggests exists when the federal government controls the “essential services of government”?
7. How does Reagan suggest the power of government will be shared by 1988?
8. How does Reagan believe the private sector will help our nation?
Answer all questions in complete sentences

3. Reagan v. Johnson
Read President Reagan’s State of the Union Address (1982).
Answer the questions in complete sentences.
Review the Great Society Speech (1964) by President Johnson.
In a paragraph, compare and contrast the two speeches. The prompt is “ what did President Reagan and Johnson feel is the role of the federal government?” You may consider both social and economic philosophies. Please give specific examples to prove your thesis. In addition, the introduction and the conclusion (historical significance) are to be taken seriously! Must be typed
Links to each speech will be posted on homework site.
Due on ______________________________