The debate about the future of SOCIAL SECURITY is not new. During the Reagan era, TIME raised similar questions in a cover story.
Ronald Reagan last week called it "a political football" kicked around by "demagoguery" and "falsehoods." To one of the President's advisers it is "the most sacred cow we have around here" ... The subject is Social Security, the nation's biggest, broadest and probably most successful social program. To some 36 million people, the Social Security system now provides a monthly check promising that old age, widowhood or disabling injury will not throw them into poverty. To 116 million...
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