State of South Carolina secondary Archives: on Social Security
Fund the state retirement system to keep our promises
We passed a bill to give solvency to the state retirement system. It's no secret our state retirement system is in need of immediate attention. My House colleagues and I passed a bipartisan measure to cap the rate paid by employees in the state
retirement system, adjust the rate paid into the system by both employer and employee, and to inject sufficient funding into the current system to bring solvency to the struggling benefit plan. The market crash and recession of
2008 along with poor management contributed to the deficiencies we face today. Doing nothing and thereby not honoring promises made to employees is not an option. I believe it's very important to ensure our teachers, first responders,
and public employees have a sound foundation for retirement. The Senate amended and passed our House proposal and I will have another update as we progress further.
Source: 2017 South Carolina House campaign website TommyPope.com
Mar 11, 2017
I will save Social Security with more jobs, less waste
I'm going to save Social Security. You have tremendous waste, fraud and abuse. We have in Social Security thousands of people over 106 years old. You know they don't exist. There's tremendous waste, fraud and abuse, and we're going to get it.
But we're not going to hurt the people who have been paying into Social Security their whole life and then all of a sudden they're supposed to get less. We're bringing jobs back.
Source: 2016 CBS Republican primary debate in South Carolina
Feb 13, 2016
Voluntary personal accounts for younger workers
SC GOPUSA: Both Social Security and Medicare programs will completely run out of funds in 15 years. What options will you support to fix or replace these programs?
RAVENEL: I want to fix this problem by giving younger workers the opportunity--on a
voluntary basis--to place a portion of the payroll taxes they are currently paying into personal investment accounts which the individual worker would own and control. These accounts would grow into very substantial savings over the 40-plus years the
average person works and they would provide a far more generous retirement benefit than Social Security currently promises--and can't deliver. The accounts would be professionally managed by government-approved financial institutions that the individual
worker could select. Best of all, since individual workers would own their own accounts, no politician could ever spend that money on anything else. The reforms I will advocate would have no affect on those nearing, or already retired.
Source: RalphBristol.com blog on 2014 South Carolina Senate race
Apr 5, 2014
Cap entitlements & create a culture of independence
Q: Would you be willing to reduce benefits to avoid raising payroll taxes?
A: We have developed a whole system, Social Security, of all these entitlement systems that are going to eat up the ability of the taxpayer to be able to pay for them.
So we’re going to have to address how we can put a cap on these in such a way that we’re going to be able to pay for them and create a culture of independence in this country so people can provide for themselves in a way that liberates them for this.
Source: 2007 Republican Debate in South Carolina
May 15, 2007
Reverse Bush tax cuts to shore up trust fund-don’t privatize
Dean strongly opposes any effort to privatize Social Security. He said the government “must return to fiscal discipline and use some of the savings to shore up the Social Security Trust Fund.”
He said eliminating Bush’s tax cuts for the wealthiest Americans, closing corporate tax loopholes and spending cuts would provide money for the fund.
Source: Editorial, The State webzine (South Carolina)
Nov 16, 2003
Page last updated: Feb 12, 2018