I presume you mean that all of its true theorems can be proved.
Godel destroyed the presumption of reducibility forever.
By reducibility, I presume you mean the same as completeness above. Godel's theorem applies to discrete systems only; you cannot make use of the enumeration step of the proof if your domain of discourse is continuous--you have nothing to map to. Amusingly enough, considering Russell's initial assumptions, formal continuous systems, such as plane geometry and The Calculus, are presently thought to be complete, or reducible, if you like, at least in theory. Also, Godel's proof is just a proof, which is a man-made object--it is not a Transcendental Truth, and important proofs that were venerated for years have fallen on their faces before this.