THE BUDGET: Nixon's Call to Counter-Revolution

THE guns had barely fallen silent in Viet Nam when President Nixon issued a call to counterrevolution at home. He unwrapped a budget for fiscal 1974 that in effect summons the U.S. to bury the Great Society—by ironic coincidence just after the death of its moving force, Lyndon Johnson. Nixon also called upon the nation to reverse the big-Government trend that has been gathering strength since the New Deal, and to return to a simpler day of self-reliance and local solutions to problems of poverty, unemployment, inadequate housing and crime. The budget,...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!