IOTL the Warsaw Pact was disbanded, and Soviet troops were recalled from eastern Europe and elsewhere. But Nato continued, and the US maintained its military presence all around the world.
Is there any plausible scenario where Nato and Warsaw Pact are disbanded at the same time, and the US closes down many of its military bases around the world, while the Soviets do the same? Basically, a kind of mutual demilitarization? Was such a thing possible in the late 80s/early 90s (probably under a different President than Bush)?