Duncan Hunter on Social Security
Republican Representative (CA-52)
A: One thing we need with this smaller generation thatís coming up, thatís going to have to carry these massive loads, is bigger paychecks. You take a $75,000-a-year job, and you move it to China, and that guy gets a $20,000-a-year job, the amount of money that he or she contributes to Medicare and Social Security falls off the cliff. Now, weíve lost over 3 million high-paying manufacturing jobs in the last 5 years because we havenít insisted on a level playing field with out competitors.
Q: Congressman, do you really think we can solve the Social Security and Medicare entitlement programs with trade policy?
A: Let me give you one statistic. We have a $161 billion deficit this year. We have an $800 billion trade deficit. And that is closely linked with the ability to take care of our seniors, to take care of Medicare, and to pay Social Security, absolutely.
OFFICIAL CONGRESSIONAL SUMMARY:
SPONSOR'S INTRODUCTORY STATEMENT: One of the things I have consistently heard from folks back home is the very simple idea that the first part of saving Social Security is making sure that Social Security taxes stay with Social Security. That is what this bill does because it takes the Social Security surplus, whatever that happens to be, and simply rebates it back to the people paying Social Security taxes, not to go out and fix up the car or buy a refrigerator with it, but instead to go into their own personal Social Security savings account that would be held by a fiduciary like the local bank.
The individual could not get their hands on the money until they turn 65, but they would get a monthly statement and for the first time, because of the private property rights that come with an account like that, for the first time have a firewall created between political forces in D.C. and their Social Security surplus.
LEGISLATIVE OUTCOME: Referred to the House Committee on Ways and Means; never called for a House vote.
The mission of the Alliance for Retired Americans is to ensure social and economic justice and full civil rights for all citizens so that they may enjoy lives of dignity, personal and family fulfillment and security. The Alliance believes that all older and retired persons have a responsibility to strive to create a society that incorporates these goals and rights and that retirement provides them with opportunities to pursue new and expanded activities with their unions, civic organizations and their communities.
The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
[As part of the Contract with America, within 100 days we pledge to bring to the House Floor the following bill]:
The Senior Citizens Fairness Act:
Raise the Social Security earnings limit, which currently forces seniors out of the workforce; repeal the 1993 tax hikes on Social Security; and provide tax incentives for private long-term care insurance to let older Americans keep more of what they have earned over the years.
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