To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Share Embed Share URL Video File Node URL Embed Code <iframe title="MRC TV video player" width="640" height="360" src="https://mrctv.org/embed/75156" allowfullscreen></iframe> Responsive Embed Code Embed Code <iframe title="MRC TV video player" width="640" height="360" src="https://mrctv.org/embed/75156" allowfullscreen></iframe> In November of 1990, on NBC's Nightly News, former anchor John Chancellor opined that the Reagan administration's efforts to challenge the Soviet Union left the nation "bankrupt."