OnTheIssuesLogo

Heritage Foundation on Social Security

 

 


Make Social Security real insurance, not income replacement

Heritage proposes to strengthen the Social Security system by tightening its benefits and returning it to its original purpose: a guarantee that older Americans won't fall into poverty. Heritage proposes to make Social Security "real insurance" for Americans as they reach retirement.

Social Security will gradually be transformed from an "income replacement" system back to its original purpose of guaranteeing seniors freedom from fear of poverty and assuring a decent retirement income. This means that Social Security benefits will evolve over time into a flat payment to those who work more than 35 years--a flat payment that is sufficient to keep them out of poverty throughout their retirement. Because the new Social Security is a real insurance system, designed to protect seniors from poverty, retirees with high incomes from sources other than Social Security will receive a smaller check, and very affluent seniors will receive no check.

Source: 2012 campaign website SavingTheDream.org , Dec 20, 2012

Minorities realize dismal return from Social Security

A questioner noted, "The average African-American male life expectancy is 69. But if the age is going to go to 67, you do the math. That's 2 years." The numbers came from a 1998 report by the Heritage Foundation, which assumed that every African-American man would live to EXACTLY 69 years of age, and then drop dead.

But Heritage ignored the fact that black males, like white males, die at every age. And Social Security also pays disability and survivor benefits. And because of the enormous racial inequality in this country, African-Americans are much more likely than whites to receive both.

In 2003, the nonpartisan Government Accountability Office found that "in the aggregate, blacks and Hispanics have higher disability rates and lower lifetime earnings, and thus receive greater benefits relative to taxes than whites."

Which is quite a contradiction to the Heritage Foundation's finding that "low-income African-American males realize particularly dismal rates of return from Social Security."

Source: The Truth (with jokes), by Al Franken, p.195-197 , Oct 25, 2005

  • Click here for definitions & background information on Social Security.
  • Click here for a profile of Heritage Foundation.
  • Click here for VoteMatch responses by Heritage Foundation.
  • Click here for AmericansElect.org quiz by Heritage Foundation.
Other pundits on Social Security: Heritage Foundation on other issues:


Opinion Leaders on the Right:
Cato Institute
Milton Friedman (Nobel Economist)
Rush Limbaugh (Radio Talk Show Host)
Ayn Rand (Author and Philosopher)
Heritage Foundation (Think Tank)
Libertarian Party
Republican Party
Ronald Reagan(President,1981-1989)
Joe Scarborough (Former Congressman; Radio Host)

Opinion Leaders on the Left:
American Civil Liberties Union
Democratic Party
Noam Chomsky (Author and Philosopher)
Green Party
Arianna Huffington (Internet Columnist)
Robert Reich (Professor and Columnist)
Howard Schultz (CEO of Starbucks)
John F. Kennedy(President,1961-1963)
Sierra Club
Abortion
Budget/Economy
Civil Rights
Corporations
Crime
Drugs
Education
Energy/Oil
Environment
Families/Children
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Immigration
Infrastructure/Technology
Jobs
Principles/Values
Social Security
Tax Reform
War/Iraq/Mideast
Welfare/Poverty
Search for...





Page last updated: Jan 09, 2017