New York 2006 Senate Debate: on Social Security


Hillary Clinton: Soc.Sec. one of greatest inventions in American democracy

Q: What would you do to fix the problems with Social Security?

SPENCER: I would support the concept, that Sen. Clinton calls ruining Social Security, that we can do better than making 2%, as it does now. We should look at various programs that allow people some control over their money, with protections & caps. They call that privatizing to scare everybody away, but the bottom line is working together so younger generations can make more than 2% on Social Security.

CLINTON: Social Security is one of the greatest inventions in American democracy, and I will do everything possible to protect & defend it, starting with getting back to fiscal responsibility, instead of borrowing from the Social Security trust fund. We need to provide some additional opportunities for people to invest, on top of their base guarantee of Social Security, more of a chance to build their nest egg. The risky scheme to privatize would cost between $1 and $2 trillion. That would undermine the promise of Social Security.

Source: NY 2006 Senate Debate, at University of Rochester Oct 22, 2006

John Spencer: Allow people private control over their own Soc. Sec. money

Q: What would you do to fix the problems with Social Security?

SPENCER: I would support the concept, that Sen. Clinton calls ruining Social Security, that we can do better than making 2%, as it does now. Any systemic changes obviously must protect the people in the system now. We should look at various programs that allow people some control over their money, with protections and caps in there. They call that privatizing to scare everybody away, but the bottom line is working together so younger generations can make more than 2% on Social Security.

CLINTON: Social Security is one of the greatest inventions in American democracy, and I will do everything possible to protect and defend it. We need to provide some additional opportunities for people to invest, on top of their base guarantee of Social Security, more of a chance to build their nest egg. The risky scheme to privatize would cost between $1 and $2 trillion. That would undermine the promise of Social Security.

Source: NY 2006 Senate Debate, at University of Rochester Oct 22, 2006

  • The above quotations are from Sen. Hillary Clinton debated Republican challenger John Spencer. Bill Ritter was the moderator. Debate at Univ. Rochester, Oct. 21. Aired at the WABC Studios in NYC, Oct. 22, 2006..
  • Click here for definitions & background information on Social Security.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Hillary Clinton on Social Security.
  • Click here for more quotes by John Spencer on Social Security.
Candidates and political leaders on Social Security:

Retired Senate as of Jan. 2015:
GA:Chambliss(R)
IA:Harkin(D)
MI:Levin(D)
MT:Baucus(D)
NE:Johanns(R)
OK:Coburn(R)
SD:Johnson(D)
WV:Rockefeller(D)

Resigned from 113th House:
AL-1:Jo Bonner(R)
FL-19:Trey Radel(R)
LA-5:Rod Alexander(R)
MA-5:Ed Markey(D)
MO-9:Jo Ann Emerson(R)
NC-12:Melvin Watt(D)
SC-1:Tim Scott(R)
Retired House to run for Senate or Governor:
AR-4:Tom Cotton(R)
GA-1:Jack Kingston(R)
GA-10:Paul Broun(R)
GA-11:Phil Gingrey(R)
HI-1:Colleen Hanabusa(D)
IA-1:Bruce Braley(D)
LA-6:Bill Cassidy(R)
ME-2:Mike Michaud(D)
MI-14:Gary Peters(D)
MT-0:Steve Daines(R)
OK-5:James Lankford(R)
PA-13:Allyson Schwartz(D)
TX-36:Steve Stockman(R)
WV-2:Shelley Capito(R)
Retired House as of Jan. 2015:
AL-6:Spencer Bachus(R)
AR-2:Tim Griffin(R)
CA-11:George Miller(D)
CA-25:Howard McKeon(R)
CA-33:Henry Waxman(D)
CA-45:John Campbell(R)
IA-3:Tom Latham(R)
MN-6:Michele Bachmann(R)
NC-6:Howard Coble(R)
NC-7:Mike McIntyre(D)
NJ-3:Jon Runyan(R)
NY-4:Carolyn McCarthy(D)
NY-21:Bill Owens(D)
PA-6:Jim Gerlach(R)
UT-4:Jim Matheson(D)
VA-8:Jim Moran(D)
VA-10:Frank Wolf(R)
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Page last updated: Feb 19, 2019