Sherrod Brown on Social Security
Democratic Jr Senator; previously Representative (OH-13)
|A balanced Social Security plan for guaranteed benefits|
|Using Social Security taxes for private accounts|
A: Private account proposals advanced by the Bush Administration would actually undermine Social Security’s finances. By creating multiple and self-reinforcing incentives to move contributions from the Social Security Trust Fund to risky commercial markets, they would also compromise retirement security. Private accounts should supplement, not replace, the Social Security Trust Fund.
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."
To reject proposals to partially or completely substitute private saving accounts for the lifelong, guaranteed, inflation-protected insurance benefits provided through Social Security. The Congress finds the following:
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. The Alliance believes that all older and retired persons have a responsibility to strive to create a society that incorporates these goals and rights and that retirement provides them with opportunities to pursue new and expanded activities with their unions, civic organizations and their communities.
The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
Some 200 Democratic House and Senate candidates have signed on to a pledge rejecting any effort to privatize or scale back Social Security benefits or raise the retirement age. The Progressive Change Campaign Committee sponsored this pledge among Congressional candidates.
|2010 Governor, House and Senate candidates on Social Security:||Sherrod Brown on other issues:|
in 112th Congress:
in 112th Congress:
in 111th Congress:
NY-25:Ann Marie Buerkle
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