input: Early in his term, Bush faced the problem of what to do with leftover deficits spawned during the Reagan years. At $220 billion in 1990, the deficit had tripled since 1980. Bush was dedicated to curbing the deficit, believing that America could not continue to be a leader in the world without doing so. He began an effort to persuade the Democratic controlled Congress to act on the budget; with Republicans believing that the best way was to cut government spending, and Democrats convinced that the only way would be to raise taxes, Bush faced problems when it came to consensus building.  In the wake of a struggle with Congress, Bush was forced by the Democratic majority to raise tax revenues; as a result, many Republicans felt betrayed because Bush had promised "no new taxes" in his 1988 campaign. Perceiving a means of revenge, Republican congressmen defeated Bush's proposal which would enact spending cuts and tax increases that would reduce the deficit by $500 billion over five years. Scrambling, Bush accepted the Democrats' demands for higher taxes and more spending, which alienated him from Republicans and gave way to a sharp decrease in popularity. Bush would later say that he wished he had never signed the bill. Near the end of the 101st Congress, the president and congressional members reached a compromise on a budget package that increased the marginal tax rate and phased out exemptions for high-income taxpayers. Although he originally demanded a reduction in the capital gains tax, Bush relented on this issue as well. This agreement with the Democratic leadership in Congress proved to be a turning point in the Bush presidency; his popularity among Republicans never fully recovered.  Coming at around the same time as the budget deal, America entered into a mild recession, lasting for six months. Many government programs, such as welfare, increased. As the unemployment rate edged upward in 1991, Bush signed a bill providing additional benefits for unemployed workers. The year 1991 was marked by many corporate reorganizations, which laid off a substantial number of workers. Many now unemployed were Republicans and independents, who had believed that their jobs were secure.  By his second year in office, Bush was told by his economic advisors to stop dealing with the economy, as they believed that he had done everything necessary to ensure his reelection. By 1992, interest and inflation rates were the lowest in years, but by midyear the unemployment rate reached 7.8%, the highest since 1984. In September 1992, the Census Bureau reported that 14.2% of all Americans lived in poverty. At a press conference in 1990, Bush told reporters that he found foreign policy more enjoyable.

Answer this question "Tell me something noteworthy about the economy during this time?"
output: increased the marginal tax rate and phased out exemptions for high-income taxpayers.

Question: Fernando Alvarez de Toledo y Pimentel (29 October 1507 - 11 December 1582), known as the Grand Duke of Alba in Spain and the Iron Duke in the Netherlands, was a Spanish noble, general, and diplomat. He was titled the 3rd Duke of Alba de Tormes, 4th Marquis of Coria, 3rd Count of Salvatierra de Tormes, 2nd Count of Piedrahita, 8th Lord of Valdecorneja, Grandee of Spain, and a Knight of the Order of the Golden Fleece. His motto in Latin was Deo patrum Nostrorum, which in English means "To the God of our fathers". He was an adviser of King Charles I of Spain (Charles V, Holy Roman Emperor), and his successor, Philip II of Spain, Mayordomo mayor of both, member of their Councils of State and War, governor of the Duchy of Milan (1555-1556), viceroy of the Kingdom of Naples (1556-1558), governor of the Netherlands (1567-1573) and viceroy and constable of the Kingdom of Portugal (1580-1582).

Fernando was born in Piedrahita, Province of Avila, on 29 October 1507. He was the son of Garcia Alvarez de Toledo y Zuniga, heir of Fadrique Alvarez de Toledo and Enriquez de Quinones, II Duke of Alba de Tormes, and of Beatriz Pimentel, daughter of Rodrigo Alonso Pimentel, IV Count - I Duke of Benavente and his wife, Maria Pacheco. Fernando was orphaned at age three when his father, Garcia, died during a campaign on the island of Djerba in Africa in 1510. At the age of six, Fernando accompanied his grandfather, the second duke of Alba on a military mission to capture Navarre.  His youth and education were typical for Castilian nobility of the age. He was educated at the ducal court of the House of Alba, located in the Castle Palace of Alba de Tormes, by two Italian preceptors, Bernardo Gentile - a Sicilian Benedictine - and Severo Marini and by the Spanish Renaissance poet and writer Juan Boscan. He was educated in Roman Catholicism and humanism. He mastered Latin and knew French, English and German.  In 1524, when he was seventeen, he joined the troops of Constable of Castile, Inigo Fernandez de Velasco, II Duke of Frias, during the capture of Fuenterrabia, then occupied by France and Navarre. For his role in the siege, Fernando was appointed governor of Fuenterrabia.  When his grandfather Fadrique died in 1531, the ducal title passed to Fernando as the firstborn son of Garcia. Throughout his adulthood, he served the Spanish monarchs Charles I and his successor Philip II.

Using a quote from the above article, answer the following question: Who were his parents?
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Answer:
He was the son of Garcia Alvarez de Toledo y Zuniga, heir of Fadrique Alvarez de Toledo and Enriquez de Quinones, II Duke of Alba de Tormes,