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Mark Harris on Social Security |
"I have never said that. That is a lie that's being perpetrated throughout the campaign and throughout the district," Harris said. "I have always said we've got to keep Social Security solvent, we've got to make sure that it's a promise made and a promise kept. And we will continue to do that."
Dan McCready (D): No. "Will oppose any efforts. to turn Social Security over to the stock market & gamble seniors' retirement." Have higher earners pay in more to increase solvency.
Mark Harris (R): Has said he supports gradual privatization of Social Security. Might support private options for people who haven't retired yet. Can't fix Social Security by raising taxes.
A: As it stands now, Social Security is in a death spiral. The rate of returns are far from what they should be, and the burden is kicked down generation to generation. The current system is going to fail and needs to be completely over-hauled. However, we must honor our promises to existing retirees and those nearing retirement age keeping the current system in place for those folks. In order to sustain a system that resembles social security, the system will need to operate in a balanced manner meaning that individuals only receive what they pay in, supplemented if desired by a government budget that should be based not on the whims of political gain but economic sensibility.