The Unkindest Cuts of All

Reagan gets down to the nitty-gritty on slashing Government spending

"I can assure you, by morning I'll be hung in effigy. The screams will be heard from border to border and coast to coast. "

This was Ronald Reagan's forecast of the reaction he will get to the economic program that he will unveil to a joint session of Congress and a national TV audience on Wednesday night. The President will announce sharp slashes in federal spending, as much as $50 billion in the next fiscal year, and deep reductions in taxes. He anticipated angry howls,...

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