>> Under Reagan. we had the highest deficit at that time,
RebE, please define “we”. I am sure you were managing. _Government_ had deficit because they returned money to the people and spent some to affect the world. What did we get for that money? We freed (a large part of) the world from Communism, taking away major supplier of sonei israel in the middle east; leading to ~ 2 mln Jews to leaving USSR; freeing whole Eastern Europe. All these millions of freed people surely increased demand eventually!