State of Maryland Archives: on Social Security


Michael Steele: Flexibility for some ownership over retirement choices

We all know we have a problem with the solvency of our Social Security program. As you read this, our nation is faced with four choices: raise taxes, reduce spending, borrow money from the public, or comprehensively reform the system in order to pay for it. Sadly, Washington continues to fail our seniors by continuing to politicize this issue instead of securing and modernizing the program. It’s time to stop the noise about this issue and make some real reforms. I do not have a narrow view of the past or future of our Social Security system. My concern is for both my mother and my 17-year-old son. Our first priority must be ensuring that the system remain solvent and that the funds are in place for our seniors who are currently retired or nearing retirement. However, I would also support reforming the system to build in the flexibility necessary to allow the next generation of beneficiaries to have some ownership over their retirement choices.“
Source: 2006 Senate website, michaelsteeleformaryland.com, “Issues” Oct 25, 2006

  • The above quotations are from State of Maryland Politicians: Archives.
  • Click here for definitions & background information on Social Security.
  • Click here for other issues (main summary page).
2012 Presidential contenders on Social Security:
  Democrats:
Pres.Barack Obama(IL)
V.P.Joe Biden(DE)

Republicans:
Gov.Mitt Romney(MA)
Rep.Paul Ryan(WI)
Third Parties:
Green: Dr.Jill Stein(MA)
Libertarian: Gov.Gary Johnson(NM)
Justice: Mayor Rocky Anderson(UT)
Constitution: Rep.Virgil Goode(VA)
Peace+Freedom: Roseanne Barr(HI)
Reform Party: André Barnett(NY)
AmericansElect: Gov.Buddy Roemer(LA)
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Page last updated: Dec 16, 2013