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Except Reagan's deficits are exactly why the economy started going south near the end of his term and during Bush's term. (The good Bush.)

Aside from which, they were fighting the cold war.  Hence why it wasn't a bad move politically... and the deficits weren't nearly as bad.

 

That's one thing I always found funny though.  People who count WW2 as Keynsian economics... but don't count the Cold War.