On the recordOctober 15, 1984
No, we were faced, when we came into office, with a Social Security system that in spite of the biggest tax increase in—single tax increase in history... was facing bankruptcy.
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presidency.ucsb.eduNo, we were faced, when we came into office, with a Social Security system that in spite of the biggest tax increase in—single tax increase in history... was facing bankruptcy.
Remarks and a Question-and-Answer Session at the WILCO Area Career Center in Romeoville, Illinois
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We understood the key to prosperity was low-inflationary growth, and we achieved it.