Gerald Ford on Social Security
President of the U.S., 1974-1977; Republican Rep. (MI)
Was Reagan suggesting that the government ought to plow those funds into the stock market? If so, there was proof that he didn't understand the complicated problems that the Social Security system faced. It would be absurd to risk such huge federal sums on the ups and downs of the market.
It was almost too good to be true. When reporters tried to pin him down, Reagan waffled and insisted that he'd never advocated such a step. It was just "one of the things suggested by some of the economists who are talking about this program."
I couldn't abolish those entitlement programs, but I could try to put the brakes on their rate of growth. I decided to ask Congress to impose a 5% ceiling on any increases in these various programs in the next year.
|Other past presidents on Social Security:||Gerald Ford on other issues:|
George W. Bush(R,2001-2009)
George Bush Sr.(R,1989-1993)
John F. Kennedy(D,1961-1963)
Past Vice Presidents:
Natural Law Party