Search for...
Follow @ontheissuesorg
OnTheIssuesLogo

Ross Perot on Social Security

1992 & 1996 Reform Party Nominee for President


Base indexing on a lower inflation rate

We need a pay-as-you-go government. Each generation must have the courage and discipline to pay its own way.

Who should do the paying as we go? All forms of revenue and expenditures should be on the table-entitlements, taxes, defense, and all the social programs. Everything. That includes something called “indexing,” whereby the spending in certain federal programs is increased to compensate for the inflation rate. More accurate indexing would save big money and help the economy.

Inflation is probably overestimated between 0.7% and 2%, probably closer to 2%. For example, the Consumer Price Index deals with a fixed market basket each month, but does not permit flexibility. If the price of beef goes up, many people switch to chicken, but that is not taken into account.

If the CPI were reduced by 0.5%, in the year 2005, the savings would be $73 billion. Some politicians view indexing as a sacred cow [because it effects Social Security payments], but they shouldn’t.

Source: The Dollar Crisis, p. 92 , Jul 2, 1996

  • Click here for definitions & background information on Social Security.
  • Click here for VoteMatch responses by Ross Perot.
  • Click here for AmericansElect.org quiz by Ross Perot.
Other candidates on Social Security: Ross Perot on other issues:
Former Presidents:
George W. Bush (R,2001-2009)
Bill Clinton (D,1993-2001)
George Bush Sr. (R,1989-1993)
Ronald Reagan (R,1981-1989)
Jimmy Carter (D,1977-1981)
Gerald Ford (R,1974-1977)
Richard Nixon (R,1969-1974)
Lyndon Johnson (D,1963-1969)
John F. Kennedy (D,1961-1963)

Former Contenders:
V.P.Al Gore
Pat Buchanan
V.P.Dick Cheney
Sen.Bob Dole
Ralph Nader
Gov.Sarah Palin

Political Thinkers:
Noam Chomsky
Milton Friedman
Arianna Huffington
Rush Limbaugh
Tea Party
Ayn Rand
Secy.Robert Reich
Donald Trump
Gov.Jesse Ventura
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

Page last updated: Oct 09, 2013