Magazine content is available exclusively for TIME subscribers.THE BUDGET: Nixon's Call to Counter-Revolution
THE guns had barely fallen silent in Viet Nam when President Nixon issued a call to counterrevolution at home. He unwrapped a budget for fiscal 1974 that in effect summons the U.S. to bury the Great Society—by ironic coincidence just after the death of its moving force, Lyndon Johnson. Nixon also called upon the nation to reverse the big-Government trend that has been gathering strength since the New Deal, and to return to a simpler day of self-reliance and local solutions to problems of poverty, unemployment, inadequate housing and crime. The budget,...
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