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John Spencer on Social Security

 


Allow people private control over their own Soc. Sec. money

Q: What would you do to fix the problems with Social Security?

SPENCER: I would support the concept, that Sen. Clinton calls ruining Social Security, that we can do better than making 2%, as it does now. Any systemic changes obviously must protect the people in the system now. We should look at various programs that allow people some control over their money, with protections and caps in there. They call that privatizing to scare everybody away, but the bottom line is working together so younger generations can make more than 2% on Social Security.

CLINTON: Social Security is one of the greatest inventions in American democracy, and I will do everything possible to protect and defend it. We need to provide some additional opportunities for people to invest, on top of their base guarantee of Social Security, more of a chance to build their nest egg. The risky scheme to privatize would cost between $1 and $2 trillion. That would undermine the promise of Social Security.

Source: NY 2006 Senate Debate, at University of Rochester Oct 22, 2006

Other candidates on Social Security: John Spencer on other issues:
NY Gubernatorial:
Eliot Spitzer
George Pataki
NY Senatorial:
Charles Schumer
David McReynolds
Hillary Clinton
Howie Hawkins
Jeanine Pirro
KT McFarland

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


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