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Budget Cuts / Social Security #71585

ABC Evening News for Tuesday, May 12, 1981
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(Studio) Report introduced
REPORTER: Frank Reynolds

(DC) Reagan administration's proposed reform in Social Security program examined; White House meeting with House leaders today noted, shown. [Health and Human Services Secretary Richard SCHWEIKER - says cuts in Social Security fund can't be avoided.] Details of plan outlined on screen, discussed; aspect of proposal apparently violating President's campaign pledge discussed. [SCHWEIKER - claims current benefits aren't being cut; remarks exchanged with uniden. person.] [Governor Brendan BYRNE, Representative Jake PICKLE - react to proposed cuts.] Pol. position faced by Reagan mentioned.
REPORTER: Sam Donaldson

(DC) [MAN - questions how changes will affect him.] [American Association of Retired Persons spokesperson Jim HACKING - says administration is cutting back on cost-of-living protection.] [Social Security expert for Brookings Institution, Henry AARON - thinks proposal will discourage early vol. retirement but adversely affect those having to retire early.] [RETIREES - react to President's plan.] Necessity for dealing with problem due to Social Security's fin. situation noted.
REPORTER: Steve Shepard

Donaldson, Sam;
Reynolds, Frank;
Shepard, Steve

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