Ronald Reagan companies doing business with his department to make campaign contributions on his behalf. Reagan determined that the 18-year sentence was excessive compared to what other political figures in similar circumstances had been receiving. After leaving office in 1989, the Reagans purchased a home in Bel Air, Los Angeles, in addition to the Reagan Ranch in Santa Barbara. They regularly attended Bel Air Church and occasionally made appearances on behalf of the Republican Party; Reagan delivered a well-received speech at the 1992 Republican National Convention. Previously on November 4, 1991, the Ronald Reagan Presidential Library was dedicated and opened to the
Political positions of Ronald Reagan growing national debt and budget deficit. In order to cover the growing federal budget deficits and the decreased revenue that resulted from the cuts, the U.S. borrowed heavily both domestically and abroad, raising the national debt from $1.1 trillion to $2.7 trillion. Reagan described the new debt as the "greatest disappointment" of his presidency. Reagan was a supporter of free trade. When running for President in 1979, Reagan proposed a "North American accord", in which goods could move freely throughout the U.S., Canada and Mexico. Largely dismissed then, Reagan was serious in his proposal and once in office he signed