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...Minneapolis TV interview, Reagan was less reassuring about his deficit projections. "We don't know what we're talking about," he said in a remark reminiscent of Budget Director David Stockman's infamous confessions, "nor does anyone else who tells you they're projecting deficits five years in advance...

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

...Stockman's aides had opposed sharp replies to such attacks. He disagreed, arguing: "You have to do what you're sent up there to do. That often means fighting back." He suggested that "about 15 people up on the Hill can't wait to try that on me. They'll soon discover they can't go back to that well again and again...

Author: /time Magazine | Title: From Woodshed to Firing Line | 2/15/1982 | See Source »

...development. Anderson, 45, who will leave March 1 to resume an academic career, formulated the conservative platform used by Ronald Reagan during his campaign for the presidency. At the White House, though, his role diminished. The job of putting policies into effect and developing fresh proposals shifted to David Stockman, the energetic head of the Office of Management and Budget, and to White House Chief of Staff James Baker. Says one associate: "Marty is more of a scholar than a manager." Anderson himself says his departure is consistent with his philosophy: "This was a good Government...

Author: /time Magazine | Title: Back to School | 2/15/1982 | See Source »

Conservatives share his antipathy to federal posts but are not comforted by his decision. The President appointed Edwin Harper, 40, currently Stockman's deputy, to fill the post. In contrast to Anderson, Harper is both a pragmatist and a latecomer to Reagan ranks. Coupled with the recent resignations of longtime Reagan Associates Richard Allen and Lyn Nofziger, the New Right sees Anderson's leaving as another example of the de-Reaganizing of the Reagan Government. Says Ed Feulner, president of the Heritage Foundation: "It's beginning to look like a Nixon or a Ford Administration...

Author: /time Magazine | Title: Back to School | 2/15/1982 | See Source »

Other arguments by top Administration officials in defense of deficits simply add to the confusion and doubt. Testifying before the Senate Government Affairs Committee last week, Budget Director David Stockman attempted to wave away the disruptive threat of projected Administration deficits by arguing that they will constitute a smaller proportion of a larger economy than before. The claim is a very weak reed to lean on. During Jimmy Carter's peak deficit year of 1980, the red ink reached $59.5 billion, or 2.3% of the nation's $2.6 trillion gross national product. By contrast...

Author: /time Magazine | Title: The Great Deficit Dilemma | 2/15/1982 | See Source »

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