Jon Corzine on Social Security

Democratic Jr Senator (NJ)

ASPIRE: America Saves for Personal Investment & Retirement

I have been working with Democratic Senator Jon Corzine on an idea titled the America Saving for Personal Investment, Retirement, and Education Act (the "ASPIRE" Act). It creates savings account called a Kids Investment and Development Savings (KIDS) account for every child born in America. Under this plan, the federal government would endow each account with a one-time $500 contribution. Every child living in households earning below the national median income would be eligible for an additional contribution of up to $500. These accounts would encourage savings and promote financial literacy for all children, and they would give low-income children in particular a sense of ownership, a stake in the American economy, and a source of wealth to help them through life in a manner similar to a federal employee's Thrift Savings Account. All earnings in the account would be tax-free until withdrawn.
Source: It Takes A Family, by Sen. Rick Santorum, p.152-153 , Apr 30, 2006

Opposes privatizing Social Security

We need to commit $2.8 trillion of the federal budget surplus over the next 15 years to save Social Security. By 2013, Social Security will no longer be able to fund what it pays out without dipping into the Social Security Trust Fund. By 2032, the trust fund will be empty. We must create a Social Security lock-box that ensures that each year all payroll taxes go to savings and debt reduction. dedicated to the payment of Social Security benefits.
Source: Web site VoteCorzine.org, “Lockbox” , Sep 19, 2000

Commit funds to secure Medicare & Soc. Sec. “absolutely”

We must commit enough of the federal surplus to save Social Security and to protect Medicare. And we must be bold: Long term care for seniors who need it must be secured as a fundamental right, not a privilege for the wealthy.
Source: Web site www.votecorzine.org , Sep 12, 2000

15% government investment in equities; no privatization

The earnings test, which punishes seniors for working, should be eliminated. Instead of the privatization of Social Security, which I strongly oppose, we can increase returns with much less risk to individuals by allowing the government to invest a modest amount of the Social Security surplus, about 15 percent, in equities.
Source: Web site www.votecorzine.org , Sep 12, 2000

No privatization; government invests in market

I am opposed to privatization. I am opposed to my mother being forced to invest and manage a private Social Security Account. [We need] a Social Security “lock box,” which would be untouchable and immune to budget gimmicks. My plan will protect our children and grandchildren, who otherwise will face either higher taxes or cuts in benefits when there are just two workers for every retiree by the year 2030.
Source: Speech, “An Economic Vision for America” , Feb 22, 2000

Rated 90% by the ARA, indicating a pro-senior voting record.

Corzine scores 90% by the ARA on senior issues

The mission of the Alliance for Retired Americans is to ensure social and economic justice and full civil rights for all citizens so that they may enjoy lives of dignity, personal and family fulfillment and security. The Alliance believes that all older and retired persons have a responsibility to strive to create a society that incorporates these goals and rights and that retirement provides them with opportunities to pursue new and expanded activities with their unions, civic organizations and their communities.

The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.

Source: ARA website 03n-ARA on Dec 31, 2003

Other governors on Social Security: Jon Corzine on other issues:
NJ Gubernatorial:
Chris Christie
NJ Senatorial:
Frank Lautenberg
Robert Menendez

Newly seated 2010:
NJ Chris Christie
VA Bob McDonnell

Term-limited as of Jan. 2011:
AL Bob Riley
CA Arnold Schwarzenegger
GA Sonny Perdue
HI Linda Lingle
ME John Baldacci
MI Jennifer Granholm
NM Bill Richardson
OK Brad Henry
OR Ted Kulongoski
PA Ed Rendell
RI Donald Carcieri
SC Mark Sanford
SD Mike Rounds
TN Phil Bredesen
WY Dave Freudenthal
Newly Elected Nov. 2010:
AL: Robert Bentley (R)
CA: Jerry Brown (D)
CO: John Hickenlooper (D)
CT: Dan Malloy (D)
FL: Rick Scott (R)
GA: Nathan Deal (R)
HI: Neil Abercrombie (D)
IA: Terry Branstad (R)
KS: Sam Brownback (R)
ME: Paul LePage (R)
MI: Rick Snyder (R)
MN: Mark Dayton (D)
ND: Jack Dalrymple (R)
NM: Susana Martinez (R)
NV: Brian Sandoval (R)
NY: Andrew Cuomo (D)
OH: John Kasich (R)
OK: Mary Fallin (R)
PA: Tom Corbett (R)
RI: Lincoln Chafee (I)
SC: Nikki Haley (R)
SD: Dennis Daugaard (R)
TN: Bill Haslam (R)
VT: Peter Shumlin (D)
WI: Scott Walker (R)
WY: Matt Mead (R)
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Page last updated: Nov 23, 2011