Dick Cheney on Social Security

Vice President of the United States under George W. Bush

Social Security will go bust without individual investment

Q: How will you protect Social Security?

CHENEY: It’s provided benefits for senior citizens, for my parents. Gov. Bush and I want to make absolutely certain that the first thing we do is guarantee the continuation of those payments. We know when the baby boom generation’s coming. That’s going to drive the system into bankruptcy unless we reform it. The reform we offer is to allow young people to take a portion of the payroll tax, 2%, and invest it in a personal retirement account. First, it gives them a stake in the Social Security system. That becomes their property. They own it. They can pass it on to their kids if they want. Secondly, today, you get about a 2% return; we can generate at least 6%. And by generating a bigger return, we’ll put additional funds into the system that will help us survive that crunch that’s otherwise going to hit in the future. They don’t reform Social Security at all. They add another huge obligation on top of it that future generations will have to pay.

Source: Vice-Presidential debate , Oct 5, 2000

Partially privatizing Social Security is acceptable

Source: Republican party platform 2000, “Retirement” , Aug 15, 2000

Save Social Security; stop talking & dividing generations

For eight years, Clinton and Gore have talked about Social Security reform, never acting, never once offering a serious plan to save the system. I have every confidence they’ll go right on talking about it. Those days are passing too. There will be no more spreading of fear and panic, no more dividing of generations against one another, no more delaying and excuse making and shirking of our duties to the elderly. George W. Bush and I, with the united Congress, will save Social Security.
Source: Speech accepting nomination for Vice Presidency , Aug 2, 2000

End earnings test; allow retirement income under SSI

Source: Thomas Register of Congressional Votes , Jan 1, 1988

Raise annual IRAs to $2,500; more cost-of-living increases

Source: Thomas Register of Congressional Votes , Jan 1, 1984

Other governors on Social Security: Dick Cheney on other issues:
WY Gubernatorial:
Matt Mead
WY Senatorial:
John Barrasso
Michael Enzi

Newly elected Nov. 2012:
IN: Mike Pence (R)
NC: Pat McCrory (R)
NH: Maggie Hassan (D)
MT: Steve Bullock (D)
WA: Jay Inslee (D)

Re-elected 2012:
DE: Jack Markell (D)
MO: Jay Nixon (D)
ND: Jack Dalrymple (R)
UT: Gary Herbert (R)
VT: Peter Shumlin (D)
WI: Scott Walker (R)
WV: Earl Ray Tomblin (D)

Up for re-election 2013:
NJ: Chris Christie
VA: Bob McDonnell
Up for re-election 2014:
AK: Sean Parnell
AL: Robert Bentley
AR: Mike Beebe
AZ: Jan Brewer
CA: Jerry Brown
CO: John Hickenlooper
CT: Dan Malloy
FL: Rick Scott
GA: Nathan Deal
HI: Neil Abercrombie
IA: Terry Branstad
ID: Butch Otter
IL: Pat Quinn
KS: Sam Brownback
MA: Deval Patrick
MD: Martin O'Malley
ME: Paul LePage
MI: Rick Snyder
MN: Mark Dayton
NH: Maggie Hassan
NM: Susana Martinez
NV: Brian Sandoval
NY: Andrew Cuomo
OH: John Kasich
OK: Mary Fallin
OR: John Kitzhaber
PA: Tom Corbett
RI: Linc Chafee
SC: Nikki Haley
SD: Dennis Daugaard
TN: Bill Haslam
TX: Rick Perry
VT: Peter Shumlin
WI: Scott Walker
WY: Matt Mead
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Page last updated: Apr 25, 2013