I am still in my 30s. But, I know about the financial fiasco of the F14 in the 70s. That thing was stupid expensive to develop and manufacture, partly because of the extensive use of titanium and the special welding techniques and equipment used with it. However, the F14 was far ahead of any other aircraft of the time partly due to it EXTREMELY stable high AOA capability. That fighter is one major reason we solidified our status as THE super-power of the time. The F15 was stellar with its over-unity power to weight ratio allowing vertical climb out of the frey. The F16 had better manuoverability than any fighter of its time. It is also a very reliable aircraft, along with a low enough price to enable high numbers in active service. Then we have various other craft that aided us in the technology department like the A10 (ugly, though it is), and the Harrier (super time comsuming to develop, though it was).
These jets put us in a good position millitarily. They also aided us financially (eventually), though we had much debt to contend with because of them.
I agree we should not take the enemie's weaponry for granted. However, we DID have the upper hand. I disagree that we would have been spanked if we tangled with the USSR. We would have lost alot of lives, for sure. But, the attrition ratio would have been very lop-sided in our favor.
At any rate, back on topic!
I will be back at the shop tomorrow doing some more welding and fabricating. I have trying to get as much done as possible because I have a bunch of drive orders to fill soon and that will delay the trike build.
Matt