One of my grandfathers worked for thirtyyears for a manufacturer of household appliances, retiring with a gold watch, the house he bought in the 1950s, and some dividend-paying stock ina utility company.
While Reagan called for cuts in waste, fraud, and abuse of welfare programs, he was working with a Democratic House, and entitlement programs have only grown and proliferated in the past thirtyyears, with both parties saying yes to low taxes without saying no to new spending.