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Ted Cruz on Social Security

 


Raise retirement age; cap increases to inflation rate

Q: How would you protect Social Security for today's seniors and strengthen it for future generations?

A: On Social Security, I am campaigning on a series of very specific reforms. For seniors receiving Social Security or near Social Security, there should be no changes in benefits whatsoever. For younger workers, we need to do three fundamental reforms.

  1. Gradually increase the retirement age.
  2. Social Security benefits right now grow about 1% greater than inflation; we should have those benefits grow at the rate of inflation, not 1% more.
  3. Third change that I think is absolutely critical is to allow taxpayers to have a portion of the Social Security funds go to a personal account that they own and control.
    Source: Texas Tribune Interview in 2012 AARP Senate Voter Guide , Aug 24, 2012

    Transition younger workers into personal savings system

    The Senate Conservatives Fund has developed a questionnaire that we require candidates to complete before we consider an endorsement. A candidate's answers to these questions will reveal whether they consistently apply conservative principles to their positions on important issues.