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Christopher Reed on Social Security

Republican challenger


Let younger workers opt out

Reed argued younger workers ought to be able to opt out and be responsible for their own retirement while those who paid into the program would still get what they contributed. "Americans are smart enough, they don't need a nanny state taking care of the all the time," Reed said.

Reed was confronted by crowd member Robert D. Williams, a 79-year-old Democrat from Indianola, who said poor people were left with nothing before Social Security was created. "The Social Security system, the only way it's going to be solvent, is that we have none of this talk about or action about people opting out and taking their money and doing something else," Williams said.

Harkin also expressed opposition to the idea. "If privatization is so good, why didn't it work for all those years before we had Social Security?" Harkin said. "The reason we have Social Security was because the private sector wouldn't do this, couldn't do it."

Source: 2008 Iowa Senate debate reported in Des Moines Globe Gazette Aug 13, 2008

Honor promises, but chance to opt out of Social Security

Q: What about increasing revenues for Social Security, or reducing benefits? How do you feel about raising the retirement age?

A: Well, I think that is a broken promise to Americans. They were sold a bill of goods when the Social Security came out, that's a promise this country made people, we have to honor it.

Q: How do you feel about something like means testing, where wealthier Americans don't get the same Social Security benefit that lower income Americans get?

A:

Source: Interview with Dean Borg, "Iowa Press" on Iowa Public TV Jun 6, 2008

Honor promises, but chance to opt out of Social Security

I think if they paid into Social Security they should get what they paid into it but I think Americans need a chance to opt out of Social Security if they choose to.

Q: So you favor some kind of a private account?

A: I would favor the option. You should be given the option in this country. You shouldn't have to be given to a socialized system. If you want to opt out of and be in control of your own retirement you should be allowed to in this country. Q: Let's look to history. Social Security was a Depression era program when the nation didn't have a retirement system, a lot of people were in poverty. Was it a mistake?

A: I think it was a benevolent idea but when you take the power out of the people's hands and put it into the government hands that's not going to solve anything.

Q: So, it was a mistake?

A: Possibly yes.

Source: Interview with Dean Borg, "Iowa Press" on Iowa Public TV Jun 6, 2008

Other candidates on Social Security: Christopher Reed on other issues:
IA Gubernatorial:
Chet Culver
IA Senatorial:
Chuck Grassley
Tom Harkin


2008 Senate retirements:

Wayne Allard(R,CO)
Larry Craig(R,ID)
Pete Domenici(R,NM)
Chuck Hagel(R,NE)
Trent Lott(R,MS)
Craig Thomas(R,WY)
John Warner(R,VA)

Incoming Obama Administration:

Pres.Barack Obama
V.P.Joe Biden
State:Hillary Clinton
HHS:Tom Daschle
Staff:Rahm Emanuel
DHS:Janet Napolitano
DOC:Bill Richardson
DoD:Robert Gates
A.G.:Eric Holder
Treas.:Tim Geithner
Winners of 2008 Senate Races:
( * if new to the Senate)
AK:*Begich over Stevens
AL:Sessions
AR:Pryor
CO:*Udall
DE:Biden and Kaufman
GA:Chambliss v.Martin (Dec. 2 runoff)
IA:Harkin
ID:*Risch
IL:Durbin
KS:Roberts
KY:McConnell
LA:Landrieu
MA:Kerry
ME:Collins
MI:Levin
MN:Coleman v.Franken (recounting as of Dec.1)
MS4:Wicker
MS6:Cochran
MT:Baucus
NC:*Hagan over Dole
NE:*Johanns
NH:*Shaheen over Sununu
NJ:Lautenberg
NM:*Udall
OK:Inhofe
OR:*Merkley over Smith
RI:Reed
SC:Graham
SD:Johnson
TN:Alexander
TX:Cornyn
VA:*Warner
WV:Rockefeller
WY4:Barrasso
WY6:Enzi
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Page last updated: Dec 02, 2008