Bob Casey on Social Security Democratic Sr Senator (PA)

Stop these crazy proposals to put benefits in stock market

Casey's opponent, Republican Tom Smith, has said he'd let a temporary reduction in the Social Security payroll tax expire in January. He wants taxpayers to be able to divert Social Security taxes into private investment accounts. Smith also says future Medicare beneficiaries should have the option of getting a government check to help buy private coverage.

Privatization drains money from guaranteed benefits

A: I oppose Social Security privatization that drains away money from the Social Security system and would cut Social Security’s guaranteed benefits. The first step to protecting Social Security is to stop the assaults launched against Social Security by the privatization advocates. The next step is to get our fiscal house back in order and grow the economy. These two steps are necessary before considering any kind of changes in Social Security.

The crisis is privatization

CASEY: You need a step by step process. The best remedy for Social Security is economic growth.

Q: Something that’s approaching 70% of the budget, you’re going to grow your way out of it?

CASEY: That’s only part of it. We repeal that tax cut for the top 1%, that’s part of it.

Q: But we’re talking about Social Security.

CASEY: I don’t agree with your premise. I don’t think you’re talking about a crisis. The crisis is privatization.

SANTORUM: That’s no answer.

CASEY: I had a much better answer than yours, because your so-called guarantee is what The Philadelphia Inquirer called “snake oil.” His proposal is to privatize. His proposal drains a trillion dollars out of the trust fund. They’re draining it right now, to pay for those tax cuts for the wealthy that you supported. That’s the wrong policy for Social Security and for the economy.

Opposes Social Security privatization

Rated 96% by ARA, indicating a pro-Trust Fund stance.

Scoring system for 2014: Ranges from 0% (supports privatization and other market-based reforms) to 100% (supports keeping federal control over Trust Fund and Social Security system).

About ARA (from their website, www.RetiredAmericans.org):

The Alliance for Retired Americans is a nationwide organization, founded in May 2001, with now over 4.2 million members working together to make their voices heard in the laws, policies, politics, and institutions that shape our lives. 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.

• Alliance members visit the polls in record numbers. We use the power of our membership and our Congressional Voting Record to educate and mobilize seniors to elect leaders committed to improving the lives of retirees and older Americans.
• We are effectively warding off cuts to our most important social programs like Social Security and Medicare. Our Human Chain Against the Chained CPI events in the summer of 2013 took place in more than 50 cities and mobilized support for stopping this cut to earned Social Security benefits.
• We blocked the privatization of Social Security with our Social Security `Truth Truck` delivering 2.1 million petitions to Members of Congress and other tactics.
• The Alliance makes its voice heard on the issues that matter not just to current retirees, but to all Americans who hope to retire one day. We were a leading voice in recent debates considering changes to Medicare, like replacing guaranteed benefits with a voucher system, and remain so in 2014.

Endorsed Endorsed by NCPSSM for protecting Social Security and Medicare.

76 Congressional candidates in 2022 were endorsed and/or supported by the NCPSSM PAC. The mission of the National Committee to Preserve Social Security and Medicare, a membership organization, is to protect, preserve, promote, and ensure the financial security, health, and the well being of current and future generations of maturing Americans.

NCPSSM was founded in 1982 to serve as an advocate for the landmark federal programs of Social Security and Medicare and for all Americans who seek a healthy, productive and secure retirement. With millions of members and supporters across America, we are the nation`s second-largest grassroots citizens organization devoted to the retirement future for all citizens -- from our `20-something` generation and baby-boomers to the nation`s 34 million seniors.