This content resource is located on TIME magazines website and is written by Charles P. Alexander as a response to Ronald Reagans speech on the economy of the 1980s. Reagan claimed that there was an eminent threat to the U.S. economy should no action be taken; the presidents plan of deep budget cuts and tax reductions and whether it would work is the subject of this document. This could be either a teacher or student resource; however the article is lengthy, and may be difficult for students missing the necessary background knowledge needed to comprehend the article. The information is available to be copied and pasted into another document, should teachers wish to distribute all or part of this article to their students.