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Public Statements

Issue Position: Reforming Social Security

Issue Position

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Social Security is not sustainable without significant reform. Future benefits cannot be paid under current taxation levels. And, raising taxes to pay for an unsustainable system will only make the problem worse. Continuing to subsidize the system is like having candy for breakfast. It may provide you with a jolt of energy for the morning, but you will crash by lunch and have nothing left by dinner. There are are a limited number of options for addressing this actuarial time bomb. We can increase the retirement age, raise tax rates, or increase the cap on on earnings subject to taxes. The sooner adjustments are made the smaller the adjustments need to be. Keep in mind that younger workers already don't believe social security will provide for them. The government has to honor its promises to protect retirees and those nearing retirement. But a long term fix should include the option of a personal retirement account that younger workers can count on as their own individual asset. I will vote to ensure that Congress quickly reforms the program, making it workable for all generations.


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