Twenty-Five Years Ago

From the Battle Creek Enquirer:

25 years ago today, 1982: The Social Security system had to borrow $1 billion recently to pay November benefits, but its top administrator says mismanagement and a "rambling wreck" of a computer are more of a threat to the retirement system's immediate future than running out of money. Social Security officials consider it a monthly miracle that they get retirement and disability checks out on time. They also admit to at least $1 billion a year in overpayments.