heydaralon wrote:Smitty-48 wrote:heydaralon wrote:
We are spending 10% of what we did in the 80's? If that's true, holy shit.
Inflation adjusted, $600 billion in the 1980's is $2 trillion now, $600 billion now is only $200 billion in 1980;
$200 billion is 10% of $2 trillion.
What percentage of that was on Star Wars? Reagan gets a lot of praise or shit depending on who you ask for that. Was that project a monetary blackhole as is sometimes claimed?
SDI never really got past the seed funding for research stage before the Cold War came to an end, I think they peaked at a $6 billion dollar budget request in 1986, so that's like $2 billion in 2017 dollars, about the price of a single B-2 bomber.
The assertion that it was a "blackhole" was based on the argument that it wouldn't work and it would just force the Soviets to counter it with ever more massive overkill to overwhelm the defenses, then the Soviets went broke trying to do that, so Reagan gets credit for that.
The Soviets didn't really have a budget in American terms, but their spending in the 1980's was calculated to be equivalent to $128 billion USD/year, which was 50% of their GDP, so America was spending almost 6 times as much, at about 5% GDP, so the Soviets simply collapsed trying to keep up, hastened by the collapse of the oil price, as they were relying on oil exports to acquire US dollars in order to pay their bills.
When OPEC drove the oil price up, the Soviets were flush and so went on a massive spending spree, in which they rapidly closed the gap with America, but when the oil price came back down, they were caught in an economic bubble collapse.
Unlike North Korea, the Soviet Union was not such a deeply entrenched totalitarian system as to maintain its military efforts in the face of mass famine, North Korea of course, shaking that off in the 1990s like it ain't no thang.
In the end, the Soviet Union turned out to be a de facto democracy, because when the bread lines ran out of bread, they basically voted with their feet, whereas the North Koreans on the other hand, have demonstrated that they are resolved to commit mass suicide for Juche.