US Presidency
1980

I noticed also in the Wall Street Journal earlier this week that a preliminary report of his task force advocates making social security more sound by reducing the adjustments in social security for the retired people to compensate for the impact of inflation. These kinds of approaches are very dangerous to the security and the well being, and the peace of mind of the retired people of this country and those approaching retirement age. But no matter what it takes in the future to keep social security sound, it must be kept that way. And although there was a serious threat to the social security system and its integrity during the 1976 campaign and when I became President, the action of the Democratic Congress, working with me, has been to put social security back on a sound financial basis. That's the way it will stay. MR. SMITH. Governor Reagan. GOVERNOR REAGAN. Well, that just isn't true. It has, as I said, delayed the actuarial imbalance falling on us for just a few years with that increase in taxes.