Ronald Reagan in A Time to Heal

On Social Security: Portion of Social Security funds could be invested

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."