Harold Ford on Social Security
Former Democratic Representative (TN-9, 1997-2007)
|Using Social Security taxes for private accounts|
|Bob Corker||No response|
|Harold Ford, Jr.||Opposes|
A: Social Security is a contract with the American people. Protecting the solvency of Social Security should, therefore, be one of our highest priorities to assure a balanced Social Security plan for guaranteed benefits. I oppose the privatization of Social Security accounts, as the President proposed, because they will not enhance the solvency of the Social Security trust fund. We must first protect the rights of current beneficiaries, as well as those who have relied on the promise of Social Security and will soon collect benefits. Then we must take steps to protect Social Security for future generations of needy seniors, who are working and living longer.
Balance America’s Commitments to the Young and the Old
An ever-growing share of the federal budget today consists of automatic transfers from working Americans to retirees. Moreover, the costs of the big entitlements for the elderly -- Social Security and Medicare -- are growing at rates that will eventually bankrupt them and that could leave little to pay for everything else government does. We can’t just spend our way out of the problem; we must find a way to contain future costs. The federal government already spends seven times as much on the elderly as it does on children. To allow that ratio to grow even more imbalanced would be grossly unfair to today’s workers and future generations. In addition, Social Security and Medicare need to be modernized to reflect conditions not envisioned when they were created in the 1930s and the 1960s. Social Security, for example, needs a stronger basic benefit to bolster its critical role in reducing poverty in old age. Medicare needs to offer retirees more choices and a modern benefit package that includes prescription drugs. Such changes, however, will only add to the cost of the programs unless they are accompanied by structural reforms that restrain their growth and limit their claim on the working families whose taxes support the programs.
RESOLUTION: Recognizing the unique effects that proposals to reform Social Security may have on women.
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.
|Other candidates on Social Security:||Harold Ford on other issues:|
Retiring as of Jan. 2011:
Unseated as of Jan. 2011:
Newly elected, Nov. 2010:
Re-elected, Nov. 2010:
Senate Votes (analysis)