"Regan's or any other era's budget deficits pale in comparison the the unfunded liabilities of Medicare and Social Security."
Actually, the biggest unfunded liability is the interest on the money that our Department of War spends. We borrow that money, and leaving alone the issue of defaulting on these loans or inflating them to nothing, borrowing all that money has a huge cost. I like to toss out the amount of $1.5 trillion a year on "defense," adding the cost of the interest on the loans - probably not a bad estimate.
Actually, the biggest unfunded liability is the interest on the money that our Department of War spends. We borrow that money, and leaving alone the issue of defaulting on these loans or inflating them to nothing, borrowing all that money has a huge cost. I like to toss out the amount of $1.5 trillion a year on "defense," adding the cost of the interest on the loans - probably not a bad estimate.