Tuesday, Oct. 14, 2008

John McCain on Social Security

• Looming challenges of entitlements need personal accounts. (Feb 2008)
• We need personal savings accounts. (Oct 2007)
• Willing to compromise on raising cap above $90K. (May 2007)
• Save benefits by bipartisan agreement; but without new tax. (Apr 2007)
• Trust Fund is a ticking time bomb, set to go off in 2014. (Jan 2000)
• More believe in Elvis than in getting Social Security check. (Jan 2000)
• Option to invest 20% of payroll taxes in private accounts. (Jan 2000)
• Every dollar off-budget - no ifs, ands, or excuses. (Sep 1999)
• Disallow using Trust Fund for “emergency” spending. (Jun 1999)
• Allow workers to invest privately. (Jun 1999)
• Earnings test penalizes productivity in retirees. (Jun 1999)
• Eliminate the “earnings test” which taxes benefits. (May 1999)
• Lock up Trust Fund; devote 62% of budget surplus to it. (May 1999)
• Put surplus into Trust Fund; fulfill promised benefits. (Jul 1998)
• Voted YES on using the Social Security Surplus to fund tax reductions. (Jul 1999)
• Voted YES on Social Security Lockbox & limiting national debt. (Apr 1999)
• Voted YES on allowing Roth IRAs for retirees. (May 1998)
• Voted YES on allowing personal retirement accounts. (Apr 1998)
• Voted YES on deducting Social Security payments on income taxes. (May 1996)
• Rated 40% by the ARA, indicating a mixed record on senior issues. (Dec 2003)
• Supports individual savings accounts and work incentives. (Sep 1998)

Click here for 22 full quotes on Social Security OR 2 older headlines OR other candidates on Social Security OR background on Social Security.