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Dick Cheney on Social Security

Vice President of the United States under George W. Bush


Social Security will go bust without individual investment

Q: How will you protect Social Security?

CHENEY: It’s provided benefits for senior citizens, for my parents. Gov. Bush and I want to make absolutely certain that the first thing we do is guarantee the continuation of those payments. We know when the baby boom generation’s coming. That’s going to drive the system into bankruptcy unless we reform it. The reform we offer is to allow young people to take a portion of the payroll tax, 2%, and invest it in a personal retirement account. First, it gives them a stake in the Social Security system. That becomes their property. They own it. They can pass it on to their kids if they want. Secondly, today, you get about a 2% return; we can generate at least 6%. And by generating a bigger return, we’ll put additional funds into the system that will help us survive that crunch that’s otherwise going to hit in the future. They don’t reform Social Security at all. They add another huge obligation on top of it that future generations will have to pay.

Source: Vice-Presidential debate , Oct 5, 2000

Partially privatizing Social Security is acceptable

Source: Republican party platform 2000, “Retirement” , Aug 15, 2000

Save Social Security; stop talking & dividing generations

For eight years, Clinton and Gore have talked about Social Security reform, never acting, never once offering a serious plan to save the system. I have every confidence they’ll go right on talking about it. Those days are passing too. There will be no more spreading of fear and panic, no more dividing of generations against one another, no more delaying and excuse making and shirking of our duties to the elderly. George W. Bush and I, with the united Congress, will save Social Security.
Source: Speech accepting nomination for Vice Presidency , Aug 2, 2000

End earnings test; allow retirement income under SSI

Source: Thomas Register of Congressional Votes , Jan 1, 1988

Raise annual IRAs to $2,500; more cost-of-living increases

Source: Thomas Register of Congressional Votes , Jan 1, 1984

  • Click here for definitions & background information on Social Security.
  • Click here for VoteMatch responses by Dick Cheney.
  • Click here for AmericansElect.org quiz by Dick Cheney.
Other past presidents on Social Security: Dick Cheney on other issues:
Former Presidents:
George W. Bush(R,2001-2009)
Bill Clinton(D,1993-2001)
George Bush Sr.(R,1989-1993)
Ronald Reagan(R,1981-1989)
Jimmy Carter(D,1977-1981)
Gerald Ford(R,1974-1977)
Richard Nixon(R,1969-1974)
Lyndon Johnson(D,1963-1969)
John F. Kennedy(D,1961-1963)
Dwight Eisenhower(R,1953-1961)
Harry S Truman(D,1945-1953)

Past Vice Presidents:
V.P.Dick Cheney
V.P.Al Gore
V.P.Dan Quayle
Sen.Bob Dole
V.P.Walter Mondale

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Page last updated: Mar 16, 2014