Making It Work

COVER STORY

Despite choppy waters, the President holds steady on Reaganomics

"Can anyone here say that if we can't do it, someone down the road can do it? And if no one does it, what happens to the country? All of us here know the economy would face an eventual collapse. I know it's a hell of a challenge, but ask yourselves: If not us, who? If not now, when?"

With those stern words last week, Ronald Reagan ordered his Cabinet to find new ways of cutting as much as $15 billion out of next year's budget and...

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