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1
Place cream cheese, margarine, flour, and salt in a large bowl, and work it together with your hands until smoothly blended.
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2
Form into a ball, wrap well with plastic wrap, and refrigerate for at least 1 hour.
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3
While dough is chilling, mix sugar, raisins, cinnamon, and walnuts in a bowl.
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4
Set aside.
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5
When dough is chilled, dust your work surface with confectioners sugar, and roll out half the dough at a time, leaving the remainder in the refrigerator.
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6
Roll into a circle about 116 inch thick, giving the dough quarter turns as you roll.
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7
Sprinkle with a bit of confectioners sugar to prevent sticking.
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8
Work quickly; when the dough loses its chill, its hard to work with.
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9
Cut the circle of dough like a pie into 16 equal wedges.
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10
Place a little more than a flatware teaspoon of the mixture on each wedge, and roll from the wide edge to the point into a crescent.
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11
Place crescents on an ungreased cookie sheet, and refrigerate for at least 30 minutes.
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12
Repeat with the second half of the dough.
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13
Preheat oven to 350 degrees.
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14
Bake 15 to 20 minutes until lightly browned.
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15
Do not overbake; the rugalach will be soft when done.