Bob Casey on Social Security

Democratic Sr Senator (PA)


Stop these crazy proposals to put benefits in stock market

The candidates for US Senate in Pennsylvania are vowing to protect Social Security and Medicare but they have very different plans on how they'll go about it. "The first thing we should do is grow the economy," said Sen. Casey. "The second thing we should do is stop these crazy proposals to take Social Security benefits and put them in the stock market... invest them in a very high risk venture that makes no sense for Social Security."

Casey's opponent, Republican Tom Smith, has said he'd let a temporary reduction in the Social Security payroll tax expire in January. He wants taxpayers to be able to divert Social Security taxes into private investment accounts. Smith also says future Medicare beneficiaries should have the option of getting a government check to help buy private coverage.

Source: WMZ-TV 69-News on 2012 PA Senate debate , Oct 18, 2012

Privatization drains money from guaranteed benefits

Using Social Security taxes for private accounts
Bob CaseyOpposes
Rick Santorum Supports
Q: Will you support or oppose using Social Security taxes to fund private accounts?

A: I oppose Social Security privatization that drains away money from the Social Security system and would cut Social Security’s guaranteed benefits. The first step to protecting Social Security is to stop the assaults launched against Social Security by the privatization advocates. The next step is to get our fiscal house back in order and grow the economy. These two steps are necessary before considering any kind of changes in Social Security.

Source: 2006 AARP Senate candidate questionnaire , Sep 29, 2006

The crisis is privatization

SANTORUM: If you’re not for personal retirement accounts, how much are you going to raise their taxes? Or how much are you going to cut benefits?

CASEY: You need a step by step process. The best remedy for Social Security is economic growth.

Q: Something that’s approaching 70% of the budget, you’re going to grow your way out of it?

CASEY: That’s only part of it. We repeal that tax cut for the top 1%, that’s part of it.

Q: But we’re talking about Social Security.

CASEY: I don’t agree with your premise. I don’t think you’re talking about a crisis. The crisis is privatization.

SANTORUM: That’s no answer.

CASEY: I had a much better answer than yours, because your so-called guarantee is what The Philadelphia Inquirer called “snake oil.” His proposal is to privatize. His proposal drains a trillion dollars out of the trust fund. They’re draining it right now, to pay for those tax cuts for the wealthy that you supported. That’s the wrong policy for Social Security and for the economy.

Source: PA 2006 Senate Debate, Tim Russert moderator , Sep 3, 2006

Opposes Social Security privatization

Bob Casey opposes Social Security privatization that drains away money from the Social Security system and would cut Social Security’s guaranteed benefits. Bob Casey supports measures to help Americans save for retirement while not jeopardizing Social Security. He supports strengthening private pension plans and encouraging more Americans to save for their retirement. However, these plans must not divert payroll taxes or jeopardize Social Security’s guaranteed benefits.
Source: 2006 Senate campaign website, bobcaseyforpa.com, “Issues” , Feb 22, 2006

Rated 96% by ARA, indicating a pro-Trust Fund stance.

Casey scores 96% Alliance for Retired Americans

Scoring system for 2014: Ranges from 0% (supports privatization and other market-based reforms) to 100% (supports keeping federal control over Trust Fund and Social Security system).

About ARA (from their website, www.RetiredAmericans.org):

The Alliance for Retired Americans is a nationwide organization, founded in May 2001, with now over 4.2 million members working together to make their voices heard in the laws, policies, politics, and institutions that shape our lives. 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.

Source: ARA lifetime rating on incumbents of 113th Congress 14_ARA on Jan 1, 2013

Endorsed Endorsed by NCPSSM for protecting Social Security and Medicare.

Casey is endorsed by National Committe to Preserve Social Security and Medicare

76 Congressional candidates in 2022 were endorsed and/or supported by the NCPSSM PAC. The mission of the National Committee to Preserve Social Security and Medicare, a membership organization, is to protect, preserve, promote, and ensure the financial security, health, and the well being of current and future generations of maturing Americans.

NCPSSM was founded in 1982 to serve as an advocate for the landmark federal programs of Social Security and Medicare and for all Americans who seek a healthy, productive and secure retirement. With millions of members and supporters across America, we are the nation`s second-largest grassroots citizens organization devoted to the retirement future for all citizens -- from our `20-something` generation and baby-boomers to the nation`s 34 million seniors.

Source: NCPSSM PAC endorsements 2022NCPSSM on Jun 24, 2022

Other candidates on Social Security: Bob Casey on other issues:

PA politicians
PA Archives
Senate races 2024:
AZ: Kyrsten Sinema(I,incumbent)
vs.Ruben Gallego(D)
vs.Kari Lake(R)
CA: Laphonza Butler(D,retiring)
vs.Gail Lightfoot(L)
vs.Steve Garvey(R)
vs.Barbara Lee(D)
vs.Katie Porter(D)
vs.Adam Schiff(D)
CT: Chris Murphy(D,incumbent)
vs.Robert Hyde(R)
DE: Tom Carper(D,retiring)
vs.Eric Hansen(R)
vs.Michael Katz(I)
vs.Lisa Blunt Rochester(D)
FL: Rick Scott(R,incumbent)
vs.Debbie Mucarsel-Powell(D)
HI: Mazie Hirono(D,incumbent)
(No opponent yet)
IN: Mike Braun(R,retiring)
vs.Marc Carmichael(D)
vs.Jim Banks(R)
MA: Elizabeth Warren(D,incumbent)
vs.Shiva Ayyadurai(R)
MD: Ben Cardin(D,retiring)
vs.Larry Hogan(R)
vs.Robin Ficker(R)
vs.Angela Alsobrooks(D)
vs.David Trone(D)
ME: Angus King(I,incumbent)
vs.Demi Kouzounas(R)
vs.David Costello(D)
MI: Debbie Stabenow(D,retiring)
vs.Leslie Love(D)
vs.Peter Meijer(R)
vs.James Craig(R)
vs.Mike Rogers(R)
vs.Elissa Slotkin(D)
MN: Amy Klobuchar(DFL,incumbent)
(No opponent yet)
MO: Josh Hawley(R,incumbent)
vs.Karla May(D)
vs.Lucas Kunce(D)
MS: Roger Wicker(R,incumbent)
vs.Dan Eubanks(R)
MT: Jon Tester(D,incumbent)
vs.Brad Johnson(R)
vs.Tim Sheehy(R)
ND: Kevin Cramer(R,incumbent)
vs.Katrina Christiansen(D)
vs.Kelly Armstrong(R)
vs.Katrina Christiansen(D)
Kevin Cramer(R,incumbent)

NE: Peter Ricketts(R,incumbent,2-year seat)
vs.Preston Love(D)
Deb Fischer(D,incumbent,6-year seat)
(No opponent yet)
NJ: Bob Menendez(D,incumbent)
vs.Tammy Murphy(D)
vs.Andy Kim(D)
NM: Martin Heinrich(D,incumbent)
(No opponent yet)
NV: Jacky Rosen(D,incumbent)
vs.Jim Marchant (R)
vs.Sam Brown(R)
NY: Kirsten Gillibrand(D,incumbent)
vs.Josh Eisen(R)
OH: Sherrod Brown(D,incumbent)
vs.Frank LaRose(R)
vs.Bernie Moreno(R)
PA: Bob Casey(D,incumbent)
vs.David McCormick(R)
RI: Sheldon Whitehouse(D,incumbent)
vs.Patricia Morgan(R)
TN: Marsha Blackburn(R,incumbent)
vs.Gloria Johnson(D)
vs.Marquita Bradshaw(D)
TX: Ted Cruz(R,incumbent)
vs.David Costello(D)
vs.Roland Gutierrez(D)
vs.Carl Sherman(D)
vs.Colin Allred(D)
UT: Mitt Romney(R,retiring)
vs.John Curtis(R)
vs.Trent Staggs(R)
vs.Brad Wilson(R)
VA: Tim Kaine(D,incumbent)
vs.Scott Parkinson(R)
VT: Bernie Sanders(I,incumbent)
vs.Gerald Malloy(R)
WA: Maria Cantwell(D,incumbent)
vs.Raul Garcia(R)
WI: Tammy Baldwin(D,incumbent)
vs.Phil Anderson(L)
vs.Stacey Klein(R)
WV: Joe Manchin III(D,retiring)
vs.Don Blankenship(D)
vs.Jim Justice(R)
vs.Alex Mooney(R)
WY: John Barrasso(R,incumbent)
vs.Reid Rasner(R)
Civil Rights
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Social Security
Tax Reform

Other Senators
Senate Votes (analysis)
Bill Sponsorships
Policy Reports
Group Ratings

Page last updated: Feb 16, 2024; copyright 1999-2022 Jesse Gordon and OnTheIssues.org