“The Soviet Union was bankrupt and would have fallen of its own weight (like housing today).”
They WENT bankrupt trying to keep up in the arms race. Reagan knew this would occur, and that is why he escalated the arms race. Hot war was a nightmare that he never wished for. He wrote that he felt depressed after watching “The Day After” and had a renewed determination that nuclear war would never happen.
The deficit by the democrat congress during his time was 6% of the GDP. Nowhere near the 25% during FDR’s time. Sure, there were deficits, but the ending of the Cold War helped to pay for them.
