2016 KS Senate race: on Social Security


Patrick Wiesner: Raise $180B for Trust Fund by mandated bond interest rates

A vital source of trust fund deposits is the interest earned on the US government bonds purchased when the Social Security has a surplus. Today, these earn about 3.3% interest per year. Twenty years ago, interest earnings were over 6.5%. As your Senator, I will draft the law that raises the Social Security bond interest earnings to a fixed 9.3%. Interest deposits to the trust funds will increase by $180 billion each year. This will replenish Social Security with enough reserves to carry the trust funds through the retirement of baby boomers and beyond.

My plan does not increase payroll tax rates. We won't need to raise the retirement age, reduce benefits, or incur more debt. Senators and House members will have to inform the lobbyists, special interests, and contractors that they will have to get their revenue from the private sector because the Social Security trust funds are short of money.

Source: 2016 Kansas Senate campaign website WiesnerForSenate.com Aug 31, 2016

  • The above quotations are from 2016 Kansas Senate race: debates and news coverage.
  • Click here for definitions & background information on Social Security.
  • Click here for other issues (main summary page).
Candidates and political leaders on Social Security:

Retired Senate as of Jan. 2015:
GA:Chambliss(R)
IA:Harkin(D)
MI:Levin(D)
MT:Baucus(D)
NE:Johanns(R)
OK:Coburn(R)
SD:Johnson(D)
WV:Rockefeller(D)

Resigned from 113th House:
AL-1:Jo Bonner(R)
FL-19:Trey Radel(R)
LA-5:Rod Alexander(R)
MA-5:Ed Markey(D)
MO-9:Jo Ann Emerson(R)
NC-12:Melvin Watt(D)
SC-1:Tim Scott(R) 		Retired House to run for Senate or Governor:
AR-4:Tom Cotton(R)
GA-1:Jack Kingston(R)
GA-10:Paul Broun(R)
GA-11:Phil Gingrey(R)
HI-1:Colleen Hanabusa(D)
IA-1:Bruce Braley(D)
LA-6:Bill Cassidy(R)
ME-2:Mike Michaud(D)
MI-14:Gary Peters(D)
MT-0:Steve Daines(R)
OK-5:James Lankford(R)
PA-13:Allyson Schwartz(D)
TX-36:Steve Stockman(R)
WV-2:Shelley Capito(R) 		Retired House as of Jan. 2015:
AL-6:Spencer Bachus(R)
AR-2:Tim Griffin(R)
CA-11:George Miller(D)
CA-25:Howard McKeon(R)
CA-33:Henry Waxman(D)
CA-45:John Campbell(R)
IA-3:Tom Latham(R)
MN-6:Michele Bachmann(R)
NC-6:Howard Coble(R)
NC-7:Mike McIntyre(D)
NJ-3:Jon Runyan(R)
NY-4:Carolyn McCarthy(D)
NY-21:Bill Owens(D)
PA-6:Jim Gerlach(R)
UT-4:Jim Matheson(D)
VA-8:Jim Moran(D)
VA-10:Frank Wolf(R)
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Page last updated: Jan 12, 2019