Jack Reed on Social Security
Democratic Sr Senator (RI)
A: I believe Congress must address the benefit levels of individuals born between 1917 and 1926, and I appreciate the urgency of this issue for members of this age group. One of the major issues facing the nation is ensuring that Social Security can meet its obligations to beneficiaries in light of fiscal pressures that the system will face as the baby boom generation retires. As we continue to consider solutions to ensure the long-term solvency of Social Security, it is my hope that Congress will address the Social Security Notch and recognize the plight of those individuals born between 1917 and 1926.
A: I understand how difficult it can be for many Social Security beneficiaries living on fixed incomes, particularly with the rising cost of housing and energy prices as well as skyrocketing health care and prescription drug costs. As such, I have cosponsored the Social Security COLA Protection Act to protect the standard of living of Social Security beneficiaries from dramatically rising Medicare premiums. This legislation will ensure that no more than 25% of a retiree’s annual COLA is taken away by increases in Medicare premiums. Although Social Security faces many financial challenges, for over 70 years, Social Security has provided a dependable and predictable stream of income--and I will continue my work to ensure that remains the case.
A: I remain committed to ensuring the solvency of Social Security, now and for the future. We must encourage more personal savings for retirement, but stand-alone private accounts that divert money from Social Security would do nothing to improve the program’s long-term solvency. I have fought efforts to privatize Social Security, and I will continue the fight to ensure the federal government honors our promise to those who have paid into the system.
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."
The mission of the Alliance for Retired Americans is to ensure social and economic justice and full civil rights for all citizens so that they may enjoy lives of dignity, personal and family fulfillment and security. The Alliance believes that all older and retired persons have a responsibility to strive to create a society that incorporates these goals and rights and that retirement provides them with opportunities to pursue new and expanded activities with their unions, civic organizations and their communities.
The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
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Retiring in 2014 election:
Senate Vacancies 2013:
Retired as of Jan. 2013:
Senate elections Nov. 2012:
CA:Feinstein(D) vs.Emken(R) vs.Lightfoot(L)
DE:Carper(D) vs.Wade(R) vs.Pires(I)
HI:Hirono(D) vs.Lingle(R) vs.
MD:Cardin(D) vs.Bongino(R) vs.Sobhani(I)
ME:King(I) vs.Dill(D) vs.Summers(R)
MI:Stabenow(D) vs.Hoekstra(R) vs.Boman(L)
NJ:Menendez(D) vs.Kyrillos(R) vs.Diakos(I)
NY:Gillibrand(D) vs.Long(R) vs.Noren(I) vs.Clark(G)
TX:Cruz(R) vs.Sadler(D) vs.Roland(L) vs.
Senate Votes (analysis)
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