A Slash at Social Security

The beefs are loud as budget cutters attack a "sacred cow "

In crafting his delicate package of budget cuts, Ronald Reagan carefully corralled a herd of "sacred cows"—Veterans Administration disability benefits and Medicare payments for the elderly, among other programs—that he vowed not to touch. Last week, in a move that ensured debate for months to come, the President proposed to chop away at perhaps the most sacred of all cows: Social Security benefits. The plan not only ignited protests from senior citizens' groups around the nation, but finally gave the badly bruised...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!