Bruce Braley on Social Security


Privatizing Social Security turns it over to Wall Street

At a senior center, Braley escorted around his mother, Marcia Braley, showing off the peach pie that she made and noting proudly that she is still working as a substitute teacher.

During brief remarks, Braley again referred to his mother as he took a subtle swipe at his opponent: "When it comes to protecting Social Security and Medicare, the most important person I have to worry about is sitting right there at that table. That's why, as your next senator, I will never vote to privatize Social Security and turn your hard-earned money over to Wall Street investment bankers."

In a statement, an Ernst spokeswoman said that "Joni will protect Social Security for seniors like her parents, and save it for her kids' generation by finding a bipartisan solution that won't raise the retirement age."

Source: Washington Post AdWatch on 2014 Iowa Senate race , Oct 2, 2014

Protect Social Security from risky privatization

Republicans have a plan to privatize Social Security if they get the chance--and Bruce’s opponent has been a huge supporter of privatization. Bruce Braley will protect Social Security and people’s retirement. Bruce will stand against risky Social Security privatization schemes that put guaranteed benefits in jeopardy. Privatization is incredibly costly--transition costs would add $4.9 trillion to the federal debt over the first 20 years such a plan would be in effect.
Source: 2006 House campaign website, www.brucebraley.com, “Issues” , Nov 7, 2006

Sponsored keeping CPI for benefits instead of lower "Chained CPI".

Braley co-sponsored Resolution on CPI

CONCURRENT RESOLUTION expressing the sense of the Congress that the Chained Consumer Price Index (CPI) should not be used to adjust Social Security benefits.