A Reagan Retreat

On many issues, Ronald Reagan has a well-deserved reputation for stubbornness, if not downright inflexibility.

But last Thursday, in a rare retreat, he said of Social Security, "Our feet were never embedded in concrete on this proposal." Besieged by mounting pressure from within his own party and a fire storm of increasingly effective rhetoric from Democratic leaders, the President decided to shelve any major reforms of the all-but-bankrupt Social Security system as part of his second round of budget cuts. He had hoped to confront the issue head-on during his televised speech. Instead,...

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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