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Ford Bell on Social Security

 


Privatization hasn't worked

The genius of Social Security is that it's a government-guaranteed broad-based social insurance program for everyone. That's why it's been so successful for 70 years now, and we need to keep it that way. The projections of problems by 2042 are worst-case scenarios. There are many ways we can fix it. Increase the payroll tax, or eliminate the ceiling on payroll tax above $90,000, or a whole panoply of things we can do. Privatization hasn't worked.
Source: MN 2006 Senate debates - MPR interview Jan 26, 2006

Solve the projected shortfall with safe & gradual changes

Politicians talk about Social Security being the "Third Rail" of politics and tread lightly when talking about any changes to the program. There's a good reason for that-senior citizens and disabled rely on a strong Social Security system to meet financial obligations. Yet our emboldened president insists he's going to "spend his political capital" to try to cut future benefits for the middle class, raise the minimum retirement age & partially privatize the system. All this in quick succession with the certainty of creating more debt today-trillions of dollars, in fact. Amazing.

Social Security's projected shortfall can be solved with careful management and safe, gradual changes. There's no need for radical surgery here. By raising the ceiling on income subject to Social Security contributions we can continue to ensure the long-term solvency of this vital program.

Source: Campaign website, www.FordBell.com, "Issues" Dec 25, 2005

Other candidates on Social Security: Ford Bell on other issues:
MN Gubernatorial:
Tim Pawlenty
MN Senatorial:
Amy Klobuchar
Mark Dayton
Mark Kennedy
Michael Cavlan
Norm Coleman
Robert Fitzgerald

2004 Presidential:
Pres.George W. Bush
Sen.John Kerry
Ralph Nader

2008 possibilities:

Sen.Hillary Clinton
Sen.John Edwards
Sen.Russ Feingold
Rudy Giuliani
V.P.Al Gore
Sen.Barack Obama
Sen.John McCain


2006 Senate retirements:
Jon Corzine(D,NJ)
Mark Dayton(DFL,MN)
Bill Frist(R,TN)
Jim Jeffords(I,VT)
Paul Sarbanes(D,MD)
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