This bike is a 99 interstate and I picked it up about two months ago. I'm sure the bike hasn't been desmog in its 26 years. Seems everyone who posted is in agreement on a vacuum leak. I owned a 99 standard Valkyrie about 15 years ago and I put a desmog kit in it just for precaution. I guess I will be putting one in my current one.
Thanks for all who posted, I never thought of a vacuum leak could be causing my problem, are the red eye desmog kits still available? Have a link?
Look at the signature line for Mooskee, he is a VRCC vendor, sells a De-Smog kit on his web site.