Thomas Kean Jr. on Social Security


No privatization; but bipartisan cooperation needed

Using Social Security taxes for private accounts
Tom Kean, Jr.Opposes
Robert MenendezOpposes
Q: Will you support or oppose using Social Security taxes to fund private accounts?

A: I am committed to keeping the promise of Social Security for current recipients and those nearing retirement. At the same time, changes will be required to keep the program solvent for future generations. This problem can only be solved through bipartisan cooperation. In the U.S. Senate, I will work with Republicans and Democrats to find bipartisan solutions to the long-term challenges facing Social Security, so that this important program can continue to provide retirement security for Americans far into the future. Lastly, I do not support Social Security benefits for illegal aliens.

Source: AARP Senate candidate questionnaire Sep 29, 2006

Opposes both privatization and raising seniors' taxes

Q: Do you favor privatization of Social Security?

KEAN: I oppose privatizing Social Security. Unlike my opponent, I also oppose raising Social Security taxes on seniors and giving Social Security benefits to illegal aliens.

MENENDEZ: No, I strongly oppose privatizing Social Security. Unlike Tom Kean Jr., I've consistently fought President Bush's privatization scheme. We must protect benefits, not cut them.

Source: Hall Institute N.J. Senate Virtual Debate Sep 24, 2006

Against privatization; but says Menendez has supported it

KEAN: Unlike Bob Menendez, I will oppose raiding the Social Security Trust Fund for other government programs. I oppose privatizing Social Security.

MENENDEZ: Tom Kean Jr. cannot erase his record when it comes to privatizing Social Security. On three separate instances he took the Bush position in favor of privatization. In 2000, my opponent said that he backed Bush's scheme to privatize social security. In the state legislature, Tom Kean Jr. voted to support Bush's plan to privatize Social Security. Twice. Pres. Bush is again rallying his troops--including Tom Kean Jr.--to create private accounts & dip into the Social Security Trust Fund.

KEAN: In 1999, when Bill Clinton proposed investing Social Security in risky privatization scheme, Bob Menendez said, "by investing today, we can be sure Social Security... will be there tomorrow." Now he says he's against it. Make no mistake, Bob Menendez is ready to privatize Social Security if it is what the political party bosses tell him to do.

Source: Hall Institute N.J. Senate Virtual Debate Sep 2, 2006

Expand options for personal retirement planning

Tom is committed to keeping the promise of Social Security for current recipients and those nearing retirement. At the same time, changes will be required to keep the program solvent for future generations.

Tom is committed to helping Americans save by protecting and expanding the options available for personal retirement planning, including tax-advantaged IRA's and 401(k)'s.

Source: Campaign website, www.TomKean.com, "NJ Issues" May 2, 2006

Other candidates on Social Security: Thomas Kean Jr. on other issues:
NJ Gubernatorial:
Jim McGreevey
Jon Corzine
Richard Codey
NJ Senatorial:
Bob Torricelli
Frank Lautenberg
Robert Menendez

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:
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(CT)Lieberman v.Lamont v.Schlesinger
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(FL)Nelson v.Harris
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(MA)Kennedy v.Chase
(MD)Cardin v.Steele v.Zeese
(ME)Snowe v.Bright
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(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
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(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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