A: First, we must keep our promises to our senior citizens. We have an obligation to provide them with the benefits that they expect. But the young people I talk to, the guarantee rings hollow with them. Here’s what we need to do. For those 25 and under, their contribution should go into a personal savings account that would accrue interest and grow over time. For the gap between 25 and 50, they can either opt-out and accept a lump-sum payment, or they can continue with the current system. The demographics have changed on this issue, and the Democrats and the Republicans have no plan.
CANTWELL: I want to protect Social Security. What I like about Social Security is that it’s a guaranteed benefit. It has progressivity, like for women who make less or live longer. To change that, by making proposal. We must guarantee benefits to those who are nearing retirement, while for younger workers, there should be personal accounts. But, I oppose them being privatized.
GUTHRIE: First, we must keep our promises to our senior citizens. But young people 25 and undershould have personal savings accounts. For the gap between 25 and 50, they can either opt-out and accept a lump-sum payment, or they can continue with the current system.
A: You heard no plan from the incumbent for how to save Social Security. You only heard a list of what the incumbent opposes. I do have a proposal. First, we must guarantee benefits to those who are retired or are nearing retirement. Second, to get at the financial crisis, encourage those who have enough from their private planning for retirement, to throw their Social Security back into the system, to prolong it for all of us. Third, for younger workers, there should be personal accounts. But, I oppose them being privatized. I think that’s a mistake. I don’t trust Wall Street to manage this money, and I don’t trust the individuals to manage this money. It should be a government-run program with continued guaranteed benefits.
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| 2020 Presidential contenders on Social Security: | |||
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Democrats running for President:
Sen.Michael Bennet (D-CO) V.P.Joe Biden (D-DE) Mayor Mike Bloomberg (I-NYC) Gov.Steve Bullock (D-MT) Mayor Pete Buttigieg (D-IN) Sen.Cory Booker (D-NJ) Secy.Julian Castro (D-TX) Gov.Lincoln Chafee (L-RI) Rep.John Delaney (D-MD) Rep.Tulsi Gabbard (D-HI) Sen.Amy Klobuchar (D-MN) Gov.Deval Patrick (D-MA) Sen.Bernie Sanders (I-VT) CEO Tom Steyer (D-CA) Sen.Elizabeth Warren (D-MA) Marianne Williamson (D-CA) CEO Andrew Yang (D-NY) 2020 Third Party Candidates: Rep.Justin Amash (L-MI) CEO Don Blankenship (C-WV) Gov.Lincoln Chafee (L-RI) Howie Hawkins (G-NY) Gov.Jesse Ventura (I-MN) |
Republicans running for President:
V.P.Mike Pence(R-IN) Pres.Donald Trump(R-NY) Rep.Joe Walsh (R-IL) Gov.Bill Weld(R-MA & L-NY) 2020 Withdrawn Democratic Candidates: Sen.Stacey Abrams (D-GA) Mayor Bill de Blasio (D-NYC) Sen.Kirsten Gillibrand (D-NY) Sen.Mike Gravel (D-AK) Sen.Kamala Harris (D-CA) Gov.John Hickenlooper (D-CO) Gov.Jay Inslee (D-WA) Mayor Wayne Messam (D-FL) Rep.Seth Moulton (D-MA) Rep.Beto O`Rourke (D-TX) Rep.Tim Ryan (D-CA) Adm.Joe Sestak (D-PA) Rep.Eric Swalwell (D-CA) | ||
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