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Angus King on Social Security

Independent Former ME Governor

 


No major changes needed for long-term stability

Q: How would you protect Social Security for today's seniors and strengthen it for future generations?

A: Social Security was put on a sound financial basis in 1986. For this reason, no major changes are needed to assure its long-term stability. Most studies recommend relatively minor changes-a gradually phased-in increase of the retirement age to 69 by 2075, for example-and an increase in the base upon which Social Security taxes are applied above the current cut-off of $106,000 in annual income. What we don't need, and what I oppose, is any effort to privatize or means-test Social Security. The program is too important to too many people (over 300,000 in Maine) to make it subject to the ups and downs of Wall Street.

Source: Bangor Daily News in 2012 AARP Senate Voter Guide , Aug 24, 2012

Opposes GOP budget plan as threat to Social Security

He saved his most heated comments, however, for the Republican budget plan--often known for its architect, Rep. Paul Ryan, R-Wis. "It's a disaster. In a finite number of years, seniors will be back to where they were in 1955. I don't know what they're thinking. Except, I think that proposal represents a strain of thinking that goes back to--they want to get rid of Social Security and Medicare."
Source: Steve Peoples, Associated Press, on Salon.com , Apr 9, 2012

Maintain long-term solvency of Social Security and Medicare.

King adopted the National Governors Association position paper:

The Issue

With the first federal budget surplus in a generation and estimates of non-Social Security surpluses ranging from $750 billion to $1.9 trillion over the next decade, the issue is whether Congress and the President will agree to dedicate a portion of the projected surplus to tax cuts and, if so, what the impacts on states might be.

NGAís Position

NGA opposes reductions from current discretionary spending levels or changes that could risk the long-term solvency of the nationís Social Security and Medicare systems. NGA supports provisions to ensure reduced barriers to state and local capital finance through tax-exempt bonds and to ensure maximum flexibility in setting and maintaining state retirement plans and programs.
Source: National Governors Association "Issues / Positions" 01-NGA16 on Aug 1, 2001

Rated 100% by ARA, indicating a pro-Trust Fund stance.

King scores 100% Alliance for Retired Americans

Scoring system for 2014: Ranges from 0% (supports privatization and other market-based reforms) to 100% (supports keeping federal control over Trust Fund and Social Security system).

About ARA (from their website, www.RetiredAmericans.org):

The Alliance for Retired Americans is a nationwide organization, founded in May 2001, with now over 4.2 million members working together to make their voices heard in the laws, policies, politics, and institutions that shape our lives. 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.

Source: ARA lifetime rating on incumbents of 113th Congress 14_ARA on Jan 1, 2013

Other candidates on Social Security: Angus King on other issues:
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Alan Caron
Eliot Cutler
James Boyle
Janet Mills
Kenneth Capron
Mary Mayhew
Michael Michaud
Mike Thibodeau
Paul LePage
Shawn Moody
Susan Rice
ME Senatorial:
Betsy Sweet
Chris Lyons
Eric Brakey
Janet Mills
Sara Gideon
Susan Collins
Susan Rice
Zak Ringelstein

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