the next question goes to governor reagan from william hilliard. mr. hilliard: governor reagan, wage earners in this country, especially the young, are supporting a social security system that continues to affect their income drastically. the system is fostering a struggle between the young and the old, and is drifting the country toward a polarization of these two groups. how much longer can the young wage earner expect to bear the ever-increasing burden of the social security system? mr. reagan: the social security system was based on a false premise, with regard to how fast the number of workers would increase and how fast the number of retirees would increase. it is actuarially out of balance, and this first became evident about 16 years ago, and some of us were voicing warnings then. now, it is trillions of dollars out of balance, and the only answer that has come so far is the biggest single tax increase in our nation's history, the payroll tax increase for social security , which will only put a band-aid on this and postpone the day of reckoning

the next question goes to governor reagan from william hilliard. mr. : governor reagan, wage earners in this country a“ especially the young a“ are supporting a social security system that continues to affect their income drastically. the system is fostering a struggle between the young and the old, and is drifting the country toward a polarization of these two groups. how much longer can the young wage earner expect to bear the ever-increasing burden of the social security system? gov. reagan: the social security system was based on a false premise, with regard to how fast the number of workers would increase and how fast the number of retirees would increase. it is actuarially out of balance, and this first became evident about 16 years ago, and some of us were voicing warnings then. now, it is trillions of dollars out of balance, and the only answer that has come so far is the biggest single tax increase in our nation's history a“ the payroll tax increase for social security a“ which will only put a band-aid on this and postpone the day of reckoning