Ken Salazar on Social Security
Democratic Jr Senator (CO)
More than half of Americans over 65 years old would live in poverty if Social Security disappeared. I will push for a return to fiscal responsibility and balanced budgets to maintain a foundation for economic growth, and I will press to make the preservation of Social Security a national priority.
Proponents recommend voting YES because:
Perhaps the worst example of wasteful spending is when we take the taxes people pay for Social Security and, instead of saving them, we spend them on other things. Even worse than spending Social Security on other things is we do not count it as debt when we talk about the deficit every year. So using the Social Security money is actually a way to hide even more wasteful spending without counting it as debt. This Amendment would change that.
Opponents recommend voting NO because:
This amendment has a fatal flaw. It leaves the door open for private Social Security accounts by providing participants with the option of "pre-funding of at least some portion of future benefits."
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