How old were you then? (i'm curious, because i was small, and the subset of news i saw was more focused on the strategy of outspending the soviet union, but that's at that time in the news, i mean.)

I wasn't old enough to pay attention to politics, and wasn't in the US at that time. I've just read about it a few times.

Seem I was wrong though, glad I just looked it up. Here's a Snopes article debunking it: https://www.snopes.com/fact-check/ronald-reagan-fairness-doc...