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While the President said he had given the Republican leadership some "running room" to bargain on the Hill, the maneuvering space was narrow indeed. One senior Administration official explained that it is "too early" for any Reagan retreat from his budget since that would make him "look weaker than Jimmy Carter." The implication was that the President might compromise later. If not, Ronald Reagan could wind up risking the judgment that he places his personal determination to be consistent above the economic well-being of the nation. -By EdMagnuson. Reported by Laurence I. Barrett/Washington and Douglas Brew with Reagan

Author: /time Magazine | Title: Reagan's Deficit: A Line Drawn in the Dirt | 2/22/1982 | See Source »

...city politics it is rare that he who receives has not already pledged something in return. The question in Vellucci's case is simply how far he will go toward repaying the Independents, whose support made him mayor for the third time. There is little worry that Vellucci will retreat from his vocal support of rent control. But he could conceivably back Independent-sponsored resolutions that would handicap the rent control board in administering the city's restraints over landlords. And more important, Vellucci could support a weakening of the anti-condominium ordinances, which protect rent-controlled apartments from open...

Author: NO WRITER ATTRIBUTED | Title: Don't Let Us Down | 2/19/1982 | See Source »

...proposed social spending will strike savagely at the poor. Republicans are so horrified by giant deficits that some staunch conservatives are grumbling that planned defense spending ought to be reduced to stem the river of red ink. As Reagan himself noted in the budget message: "The voices of doubt, retreat and rejection are beginning to rise...

Author: /time Magazine | Title: No Time to Retreat: Reagan on more arms and no big tax hikes | 2/15/1982 | See Source »

...those voices, the President turned a resolutely deaf ear. He headlined one section of his message NO TIME TO RETREAT. His 1981 accomplishments in slashing taxes and civilian spending while starting a huge military buildup, Reagan boasted, "far exceed anything the skeptics and critics ever dreamed possible just one year ago." The President added: "Our task is to persevere, to stay the course . . . to weather the temporary dislocations and pressures that must inevitably accompany the restoration of national economic, fiscal and military health...

Author: /time Magazine | Title: No Time to Retreat: Reagan on more arms and no big tax hikes | 2/15/1982 | See Source »

...literary result is Albert Corde, the latest and best of Bellow's old cogitators. Corde, a Chicago college dean, spends a great deal of time in an underheated Bucharest apartment waiting for his mother-in-law to die in a state hospital and mulling over the retreat of "personal humanity" before "the worldwide process of consolidation." The woman was an eminent psychiatrist and former Minister of Health whose humanism was incompatible with the Communist regime. Corde's wife Minna is an astrophysicist who defected to the U.S. and must now beg a vindictive bureaucracy for permission...

Author: /time Magazine | Title: Books: Truth and Consequences | 1/18/1982 | See Source »

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