"We live not in an instant of danger, but in an age of danger," said Dwight Eisenhower, as he faced the microphones in the White House for his first presidential speech directly to the people of the U.S. The President had turned down television for the old-fashioned radio, so that he could concentrate on careful reading of the two tough propositions he wanted to make clear. The propositions: 1) because the Communist danger is still very real, the Administration has decided on a policy of no tax cuts until next January (TIME, May 25) and must ask Congress to extend...

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