The great actor was talking about the evils of Medicare, with a few jabs at Social Security thrown in for good measure. He asked people to write to Congress supporting the "continuation of our traditional free enterprise system."
He wrapped it all up saying -
"And if you don't do this and if I don't do it, one of these days you and I are going to spend our sunset years telling our children, and our children's children, what it once was like in America when men were free."Of course Medicare passed thanks to John F. Kennedy and the Democrats, and has turned out to be a very popular, and necessary, program for senior citizens.
This Sunday on Meet the Press, Dick Armey picks up the Reagan mantle and gets skewered by Rachel Maddow. There's some funny (I guess) video of Ronald Reagan's 1961 Medicare ad in the video as well.
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This is a much more in depth description Ronald Reagan and Medicare if you are interested in learning more.