Investing surplus in Social Security will provide security
Q: Would you put age, means testing and increased premiums for Social Security and Medicare on the table as you did two years ago? A: No I wouldn�t. I want to take 63% of this surplus and put it into Social Security. If you allow [people] to invest their
savings, that will make a huge difference in the solvency of the Social Security trust fund. But you�ve got to take the surplus. Don�t put it all in tax cuts. Give lower income and middle income Americans tax cuts. Don�t give the real rich. tax cuts.
Source: Republican Debate in Durham, NH
Jan 6, 2000
Take Social Security �off budget�
McCain was one of only two Republicans who voted twice, in 1995 and again in 1997, to take Social Security �off-budget� - removing it from balanced budget calculations as part of a constitutional balanced budget amendment - which would have prevented
the government from filling the trust fund with �IOU�s�. McCain respects commitments our government makes to its citizens. Americans rely on Social Security, and John McCain will make sure our retirement system is safe and secure.
Source: www.mccain2000.com/ �Position Papers� 5/24/99
May 24, 1999
Click here for 16 main quotations from John McCain on Social Security.
