Rough Waters Ahead

The President decides to trim the budget, again, rather than his sails

One of Ronald Reagan's senior advisers was asked last week to describe the mood of his boss at a time of adversity. The aide responded initially with pantomime. He put an imaginary hand grenade to his mouth, pulled the invisible pin with his teeth, hurled the grenade upward and said with a smile, "He's going up the hill. He's going for it."

That melodrama in miniature was a way of saying that the President is still ready and willing to fight for the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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