Republican (fascist/socialist) President Reagan admits to trading arms to the Islamic Republic of Iran for American hostages held by the pro-Iranian Hiz`b-Allah (Hezbollah) (Arabic for “Party of God”) terrorist organization.

       [added 12/11/2022]

Subsequent Events:

6/12/1987                   7/14/1987

References:

James Carroll, House of War: The Pentagon and the disastrous rise of American power, (Boston and New York: Houghton Mifflin, 2006), 403-04.

Current U.s. National Debt:

$36,167,124,467,492

Source