5. He cut spending on public programs like Medicaid and food stamps.
While Reagan was hitting off the richest people with some juicy tax cuts, he also spent some time crippling the poor by making various financial cuts to government social programs like welfare and Medicaid. In fact, he was never shy to let his feelings be known about a "Welfare Queen" pushing a Cadillac or a "strapping young buck" who would go to the store to buy a t-bone steak. Ahhhhh, race-baiting at it's most subtle.