Joe Biden on Social Security
Former Vice President; previously Democratic Senator (DE)
Joe Biden: No.
Sanders: You never said that?
Sanders: All right. America, go to YouTube right now. You were not a fan of the balanced budget amendment, which called for cuts in Social Security? Why don't you just tell the truth here? We all make mistakes.
Biden: I am telling the truth. Why am I rated 96% by the Social Security organizations? I have laid out how I will increase Social Security benefits. I have laid out how I'm going to make sure that it is in fact, paid for. Look at my exchange with Paul Ryan on his desire to try to privatize and/or cut Social Security, and understand how he manipulated it. Are you saying PolitiFact is wrong? In terms of the negotiations on how to deal with the deficit, everything was on the table. I did not support any of those cuts on Social Security.
BIDEN: There's two pieces to the protection. #1, I'm going to make sure that we are able to have Social Security for the students here when their time comes. #2, I'm going to make sure that those folks who lost a spouse, or Social Security payment was reduced, or they're outliving way beyond their coverage, that they can have it raised.
Q: How are you going to do that?
BIDEN: Right now, we pay about 6.2 percent out of our salary, up to roughly $130,000. I have been proposing for some time that we do the same thing for everybody making over $400,000. So, for example, you, in fact, make 60 grand, you get 6.2% taken out of your salary. If you make $130,000, you get 6.2%. If you're making a million, you pay the exact same amount as someone making $130,000. By moving to keep the tax at 6.2% for people making every dollar over $400,000, we can pay for everything I'm talking about. And we can make it solvent, for all of these kids here.
Sanders pointed to a˙speech˙Biden gave to the˙Brookings Institution˙in April 2018. Biden's overall message was that the tax code "is widely skewed toward taking care of those at the very top." Sanders plucked out what Biden said about Ryan, but ignored the complete passage which showed that Biden wanted Social Security and Medicare protected, and to accomplish that goal would require making changes to the tax code.
The Sanders campaign omits˙what Biden said next: "We need a pro-growth, progressive tax code that raises enough revenue to˙make sure that the Social Security and Medicare can stay. It still needs adjustments, but can stay."
BIDEN: We will not privatize it. If we had listened to Romney and the congressman during the Bush years, imagine where all those seniors would be now if their money had been in the market. Their ideas are old, and their ideas are bad.
A: The answer is yes. The truth is, you’re either going to cut benefits or you’re going to go ahead and raise taxes above the first $97,000
Q: Would you also, considering now life expectancy is 78, consider gradually raising the retirement age?
A: Well, we did that once, I supported that. That’s what got it solvent to 2041. By simply raising the cap, you can solve the problem.
The best way to fight senior fraud is to prevent it from happening. Seniors should be cautious when making an investment. If it sounds too good to be true, it probably is. They should be careful not to give their credit card or checking account number to someone they don’t know. They should never give their social security number to anyone.
Let’s not let heartless criminals victimize a generation of Americans who have already given so much to preserve and protect this nation. Rather, let’s put our justice system to work to keep every senior safe & secure.
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.
|Other candidates on Social Security:||Joe Biden on other issues:|
2020 Presidential Democratic Primary Candidates:
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Mayor Pete Buttigieg (D-IN)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
Sen.Elizabeth Warren (D-MA)
2020 GOP and Independent Candidates:
Rep.Justin Amash (Libertarian-MI)
CEO Don Blankenship (Constitution-WV)
CEO Rocky De La Fuente (R-CA)
Howie Hawkins (Green-NY)
V.P.Mike Pence (R-IN)
Pres.Donald Trump (R-NY)
Gov.Jesse Ventura (Green-MN)
V.C.Arvin Vohra (Libertarian-MD)
External Links about Joe Biden:
2020 Withdrawn Democratic Candidates:
State Rep.Stacey Abrams (D-GA)
Sen.Michael Bennet (D-CO)
Sen.Cory Booker (D-NJ)
Gov.Steve Bullock (D-MT)
Secy.Julian Castro (D-TX)
Mayor Bill de Blasio (D-NYC)
Rep.John Delaney (D-MD)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
CEO Tom Steyer (D-CA)
Rep.Eric Swalwell (D-CA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)