Bob Corker on Social Security
Republican Jr Senator
|Using Social Security taxes for private accounts|
A: Social Security provides an essential safety net and that it should be preserved for future generations. For those individuals anywhere near retirement age, their benefits should be delivered exactly as they have been promised.
|Automatic payroll deduction for IRAs|
A: The IRA is an important tool to increase savings and provide for a secure retirement. I support automatic payroll deductions that increase participation in these accounts.
Proponents recommend voting YES because:
Perhaps the worst example of wasteful spending is when we take the taxes people pay for Social Security and, instead of saving them, we spend them on other things. Even worse than spending Social Security on other things is we do not count it as debt when we talk about the deficit every year. So using the Social Security money is actually a way to hide even more wasteful spending without counting it as debt. This Amendment would change that.
Opponents recommend voting NO because:
This amendment has a fatal flaw. It leaves the door open for private Social Security accounts by providing participants with the option of "pre-funding of at least some portion of future benefits."
|Other candidates on Social Security:||Bob Corker on other issues:|
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