Mike McGavick on Social Security


Cantwell opposes new ideas but has no Soc. Sec. plan

First, we must keep our promises to our senior citizens Q: What's your plan to save Social Security?

CANTWELL: I want to protect Social Security. What I like about Social Security is that it's a guaranteed benefit. It has progressivity, like for women who make less or live longer. To change that, by making proposal. We must guarantee benefits to those who are nearing retirement, while for younger workers, there should be personal accounts. But, I oppose them being privatized.

GUTHRIE: First, we must keep our promises to our senior citizens. But young people 25 and undershould have personal savings accounts. For the gap between 25 and 50, they can either opt-out and accept a lump-sum payment, or they can continue with the current system.

Source: Washington Senate Debate hosted by KING-5 (X-ref Cantwell) Oct 17, 2006

Personal accounts for younger workers, but not privatized

Q: More about your plan to save Social Security?

A: You heard no plan from the incumbent for how to save Social Security. You only heard a list of what the incumbent opposes. I do have a proposal. First, we must guarantee benefits to those who are retired or are nearing retirement. Second, to get at the financial crisis, encourage those who have enough from their private planning for retirement, to throw their Social Security back into the system, to prolong it for all of us. Third, for younger workers, there should be personal accounts. But, I oppose them being privatized. I think that's a mistake. I don't trust Wall Street to manage this money, and I don't trust the individuals to manage this money. It should be a government-run program with continued guaranteed benefits.

Source: Washington Senate Debate hosted by KING-5 & Seattle Times Oct 17, 2006

No phase out of Soc.Sec.system; voluntary accounts ok

Using Social Security taxes for private accounts
Mike McGavickNo response
Maria CantwellOpposes
Q: Will you support or oppose using Social Security taxes to fund private accounts?

A: We must guarantee benefits to today's retirees and those near retirement. I am opposed to any phasing out or privatization of the Social Security system. Reform is necessary and confidence in the system is broken. For younger workers, I am open to a voluntary system of government managed personal accounts to provide personal ownership of retirement. Those taking this option would have lower guaranteed benefits and possibly a higher yield than the current Social Security investment strategy. To help the transition, I propose a program that would encourage wealthier beneficiaries to voluntarily contribute their benefits back to the trust fund.

Source: AARP Senate candidate questionnaire Sep 29, 2006

Allow voluntary opt-out of Social Security

The viability of the Social Security system must be protected for those who need it. The system was intended to help the elderly poor and the disabled. Not all of our elderly are poor. A voluntary system should be instituted allowing those who can afford to do so, to return their Social Security payments.
Source: Campaign website, www.mikemcgavick.com, "Issues" May 2, 2006

Other candidates on Social Security: Mike McGavick on other issues:
WA Gubernatorial:
Christine Gregoire
WA Senatorial:
Brad Klippert
Bruce Guthrie
Maria Cantwell
Patty Murray

2004 Presidential:
Pres.George W. Bush
Sen.John Kerry
Ralph Nader

2008 possibilities:

Sen.Hillary Clinton
Sen.John Edwards
Sen.Russ Feingold
Rudy Giuliani
V.P.Al Gore
Sen.Barack Obama
Sen.John McCain

2006 Senate retirements:
Jon Corzine(D,NJ)
Mark Dayton(DFL,MN)
Bill Frist(R,TN)
Jim Jeffords(I,VT)
Paul Sarbanes(D,MD)
2006 Senate Races:
(AZ)Kyl v.Pederson
(CA)Feinstein v.Mountjoy
(CT)Lieberman v.Lamont v.Schlesinger
(DE)Carper v.Ting
(FL)Nelson v.Harris
(HI)Akaka v.Thielen
(IN)Lugar v.Osborn
(MA)Kennedy v.Chase
(MD)Cardin v.Steele v.Zeese
(ME)Snowe v.Bright
(MI)Stabenow v.Bouchard
(MN)Kennedy v.Klobuchar
(MO)Talent v.McCaskill
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(MT)Burns v.Tester
(ND)Conrad v.Grotberg
(NE)Nelson v.Ricketts
(NJ)Menendez v.Kean
(NM)Bingaman v.McCulloch
(NV)Ensign v.Carter
(NY)Clinton v.Spencer
(OH)DeWine vBrown
(PA)Santorum v.Casey
(RI)Chafee vWhitehouse
(TN)Ford v.Corker
(TX)Hutchison v.Radnofsky
(UT)Hatch v.Ashdown
(VA)Allen v.Webb
(VT)Sanders v.Tarrant
(WA)Cantwell v.McGavick v.Guthrie
(WI)Kohl v.Vogeler v.Redick
(WV)Byrd v.Raese
(WY)Thomas v.Groutage
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