Olympia Snowe on Social Security
Republican Sr Senator (ME)
Senate Finance Committee chairman Chuck Grassley tried, and failed, to broker an agreement among his committee's Republicans. He was willing to shelve private accounts to get support from the moderate Republican senators Gordon Smith of Oregon and Olympia Snowe of Maine, but they wouldn't embrace a solvency fix like progressive indexing.
In the end, the Republican Congress never voted on a reform plan. Social security was a public failure.
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.
Women's Retirement Security Act of 2008: To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to increase the retirement security of women and small business owners. Amends the Internal Revenue Code to:
Congress must address the rapidly approaching disaster of a depleted Social Security system. Within the next ten years "baby boomers" will start retiring. It is estimated that, as a result of this, by 2013 Social Security will be making greater payments to retirees than it will take in from the workforce. By 2032 the Social Security Trust Fund will be completely exhausted. Congress could rewrite this forecast by establishing individual savings accounts, restoring Social Security to permanent actuarial solvency, improving work incentives and/or resolving internal administrative problems.
|Other candidates on Social Security:||Olympia Snowe on other issues:|
Retiring as of Jan. 2013:
Senate elections Nov. 2012:
CA:Feinstein(D) vs.Emken(R) vs.Taitz(R)
CT:Bysiewicz(R) vs.Murphy(R) vs.Shays(R)
FL:Nelson(D) vs.LeMieux(R) vs.Connie Mack(R)
IN:Lugar(R) vs.Mourdock(R) vs.Donnelly(D)
MD:Cardin(D) vs.Wargotz(R) vs.Capps(R)
MI:Stabenow(D) vs.Hekman(R) vs.Konetchy(R) vs.Hoekstra(R)
MN:Klobuchar(D) vs.Arwood(R) vs.Hernandez(R) vs.Severson(R)
MO:McCaskill(D) vs.Akin(R) vs.Steelman(R)
NJ:Menendez(D) vs.Diakos(R) vs.
NY:Gillibrand(D) vs.Noren(D) vs.Maragos(R)
OH:Brown(D) vs.Pryce(R) vs.Mandel(R) vs.
TX:Cruz(R) vs.Leppert(R) vs.
UT:Hatch(R) vs.Ashdown(D) vs.
VA:Kaine(D) vs.Allen(R) vs.Radtke(R) vs.
WI:Schiess(R) vs.Neumann(R) vs.Thompson(R) vs.Kagen(D) vs.Baldwin(D) vs.Schiess(R)
Senate Votes (analysis)
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