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True/False As a U.S. Senator, Republican presidential candidate John McCain often voted for increased entitlement spending....

True/False

As a U.S. Senator, Republican presidential candidate John McCain often voted for increased entitlement spending.

Less than half of all national government expenditures during the 1980s were classified as “uncontrollable.”

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Answer #1

The above statement is True.

The reason is explained below.

John Sydney McCain was an American politician and a US navy officer. He served as a United States Senator for Arizona from 1987 to 2018.He is also know as Keating Five. He has voted for massive spending, tax hikes, bailouts and 15 increases to the debt ceiling. He often vote for increased government spending.

During 1980s there was arise of savings and loan crisis which created tensions in the banking sector. Inorder to reduce inflation due to increased government spending Federal Reserves of US  raised the discount rate. But there was no use. The increased fraud activities ,domestic spending activities of the President , Military expenses,and increasing interest rate worsened the situation. During this time less than half of all national government expenditure were classified as uncontrollable.

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