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Thread: 104 Republicans in Congress want to privatize SS

  1. #1
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    Post 104 Republicans in Congress want to privatize SS

    REPORT: 104 Republicans In Congress Want To Privatize Social Security

    After their attempt to privatize Social Security in 2005 was met with widespread public outcry, the GOP’s strategy on Social Security has been two-fold. First, Republicans deny they are interested in privatization. Rep. Kevin McCarthy (R-CA) recently told the Wall Street Journal that “no one has a proposal up to cut Social Security,” (his own book proposes doing so), while conservatives in the media have tried to argue that Republicans don’t actually want to privatize Social Security.
    The second tactic has been to obfuscate their privatization plans by sugarcoating them in flowery, palatable language. President Bush’s privatization plan is a prime example. In his 2005 State of the Union, President Bush said we needed to “save” Social Security and give younger workers a “better deal” by having “voluntary personal retirement accounts,” the poll-tested language for privatization. Bush now says his greatest failure was not privatizing Social Security.
    However, such rhetoric belies their record. A thorough review of the voting records and statements of Republicans in Congress reveals a critical mass of GOPers who have supported privatizing Social Security. In total, 47 percent of House Republicans and 49 percent of Senate Republicans are on record supporting the privatization of Social Security. Some, including Rep. Michele Bachmann (R-MN), want to go even further and “wean everybody” off of Social Security altogether.
    As ThinkProgress noted yesterday, Republicans in Congress have long operated by the “majority of the majority” principle, whereby legislation is only advanced by a GOP Speaker if it is supported by a majority of Republicans. With many prominent GOP candidates in favor of privatizing or eliminating Social Security, including Rand Paul, Ken Buck, Dan Coats, Sharron Angle, Dan Benishek, Ben Quayle, Star Parker, and Jesse Kelly, it’s likely that a GOP-controlled Congress would have the necessary votes to revisit the issue.
    Here are the 104 Republicans in Congress who support privatizing Social Security (leadership in bold):
    Senate (20)
    Jeff Sessions (AL)Richard Shelby (AL)Jon Kyl (AZ)John McCain (AZ)Saxby Chambliss (GA)Chuck Grassley (IA)Richard Lugar (IN)Pat Roberts (KS)Sam Brownback (KS)Mitch McConnell (KY)Roger Wicker (MS)Thad Cochran (MS)Judd Gregg (NH)James Inhofe (OK)Tom Coburn (OK)Jim DeMint (SC)Kay Bailey Hutchison (TX)Bob Bennett (UT)Orrin Hatch (UT)Mike Enzi (WY)
    House of Representatives (84)
    Jo Bonner (AL-01)Spencer Bachus (AL-06)Trent Franks (AZ-02)Wally Herger (CA-02)Dan Lungren (CA-03)Devin Nunes (CA-21)David Dreier (CA-26)Jerry Lewis (CA-41)Ken Calvert (CA-44)Dana Rohrabacher (CA-46)John Campbell (CA-48)Darrell Issa (CA-49)Duncan Hunter (CA-52)Doug Lamborn (CO-05)Jeff Miller (FL-01)Ander Crenshaw (FL-04)Ginny Brown-Waite (FL-05)Cliff Stearns (FL-06)Adam Putnam (FL-12)Connie Mack (FL-14)Ileana Ros-Lehtinen (FL-18)Mario Diaz-Balart (FL-25)Jack Kingston (GA-01)Lynn Westmoreland (GA-03)Tom Price (GA-06)John Linder (GA-07)Phil Gingrey (GA-11)Tom Latham (IA-04)Steve King (IA-05)Judy Biggert (IL-13)John Shimkus (IL-19)Dan Burton (IN-05)Mike Pence (IN-06)Rodney Alexander (LA-05)Roscoe Bartlett (MD-06)Pete Hoekstra (MI-02)Vern Ehlers (MI-03)David Lee Camp (MI-04)John Kline (MN-02)Erik Paulsen* (MN-03)Todd Akin (MO-02)Roy Blunt (MO-07)Virginia Foxx (NC-05)Howard Coble (NC-06)Sue Myrick (NC-09)Patrick McHenry (NC-10)Jeff Fortenberry (NE-01)Lee Terry (NE-02)Scott Garrett (NJ-05)Peter King (NY-03)John Boehner (OH-08)John Sullivan (OK-01)Tom Cole (OK-04)Jim Gerlach* (PA-06)Bill Shuster (PA-09)Joseph Pitts (PA-16)Joe Wilson (SC-02)Gresham Barrett (SC-03)Bob Inglis (SC-04)Zach Wamp (TN-03)Marsha Blackburn (TN-07)Louie Gohmert (TX-01)Sam Johnson (TX-03)Jeb Hensarling (TX-05)Joe Barton (TX-06)Kevin Brady (TX-08)Michael McCaul (TX-10)Mike Conaway (TX-11)Mac Thornberry (TX-13)Ron Paul (TX-14)Randy Neugebauer (TX-19)Kenny Marchant (TX-24)Michael Burgess (TX-26)John Carter (TX-31)Pete Sessions (TX-32)Rob Bishop (UT-01)Jason Chaffetz (UT-03)Eric Cantor (VA-07)Doc Hastings (WA-04)Dave Reichert (WA-08)Paul Ryan (WI-01)Tom Petri (WI-06)Shelley Moore Capito (WV-02)Cynthia Lummis (WY-AL)
    *- Reps. Gerlach and Paulsen initially co-sponsored bills that would privatize Social Security before withdrawing their co-sponsorships.

  2. #2
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    Re: 104 Republicans in Congress want to privatize SS

    something gradually has to take place.. they know it can't be done overnight... but the govt has ripped us off.. politicians and govt have not had to answer for what they've done..

    we should have been doing the al gore "lock box" theory but now it is too late.. because we have now reached the point where there are not enough workers to pay the retirees and it is going to continue to get worse in the next 30 years...

    the govt has failed miserably with social security by recklessly spending the surpluses and sticking the federal treasury with IOU'S.. bonds are money that has to be paid back in case you didn't know..

  3. #3
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    Re: 104 Republicans in Congress want to privatize SS

    The Money Party needs a new source of what they call "Stupid Money". I posted a story about them maybe a month ago. Privatizing SS will give them a regular souces of this stupid money, we can all see how well those who had 401Ks managed them - NOT. Your average Joe/Jane is not a stock broker and does not have a lifetime to learn the ins and outs of the theft built into their game.

  4. #4
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    Post Re: 104 Republicans in Congress want to privatize SS

    That's right, GrannyG... it's all about giving Wall Street a new bundle of money to gamble with.

    You are right Bigeasy- politicans have routinely raided SS funds for years. The answer is to make them STOP doing so. SS is not in as bad shape as the privatizers would have us believe. In fact, we could change a few things to shore it up without privatizing it- and throwing the elderly, the sick and the disabled to the vagaries of the wolves in the stock market.

    What concerns me is that all this talk of privatization is more about ideology than it is about practicality. Those who ideologically hate SS and look at it as govt. welfare (even though it is nothing of the sort) have been itching to gut and destroy it for decades. And you can make a good case that bankrupting our govt. was one of ther main goals to do so. Maybe that's why Republicans gleefully raided the SS coffers every year, eh?

  5. #5
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    Re: 104 Republicans in Congress want to privatize SS

    what yall are failing to understand is that if wall street collapses, there won't be any social security money for anyone...

    you statists think the govt can simply print a check and we take it to that hated bank and then pay our mtg and go to the grocery store..

    there is so much more to it than that.. the govt produces NOTHING.. they don't produce social security checks... the "evil" private sector does.. those "evil" wall street guys creating opportunities for the private sector.. people working and getting paid and going out and buying things from those "evil" retailers and "evil" car companies that pollute and kill us all..

    the stock market/housing bubble crash hit us all hard.. 401k's, job losses and the value of our homes...

    but even with all that bad stuff since '08, it does not come CLOSE to what govt has done to our soc sec money... how can you complain so vehemintly about wall street and those who actually produce the money for these cherished social programs you adore so much and praise the statist politician that has done nothing but lie, cheat and steal and ultimately piss away all that we've paid? point the finger at those who provide the very foundation of the money or those who have squandered it? how ass backwards can you get?

    anybody with any sense at all knows that we've have to put a gradual plan in place so ultimately your social security that you get will be coming from what you paid, that has been kept in an al gore "lock box" and you are NOT dependent on the youngster who are paying in...

    bottom line, end of story.. it was wrong the way it was set up because it was doomed for failure and we have been lied to and lied to for decades while the fat cat politicians PLAYED the people on this bad ponzi scheme...

  6. #6
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    Post Re: 104 Republicans in Congress want to privatize SS

    And what you fail to understand is that Wall Street will be just fine... they always are! Even during the worst recession ever... they are still bringing home billions in bonuses! I'm much more worried about the middle class in this country than I am Wall Street. And I don't think we need to be blackmailed by them constantly- because that's what all this really is.

    You act as if SS is the most pressing problem we have... when IMO, the theft of our govt. and country by the Plutocrats is a much more serious and pressing problem. We wouldn't have gone through this horrible economic downturn if Wall Street hadn't recklessly gambled with our money. We wouldn't all be facing such horrible problems if these banks and lending institutions hadn't propped up this huge real estate bubble. We wouldn't be falling so hard if these businesses had acted properly... instead of chasing quick profits and trying to get rich fast. It's the lack of proper regulation on these people that's the problem- not SS. Everything else in our economy stems from that.

    I disagree that it was wrong the way it was set up. In fact, it's worked just fine for decades and decades. Obviously we need to tweak a few things periodically... as Reagan did in the 80's. Of course our politicans shouldn't be able to use that money for other purposes! ITA with you on that. But where's the Republican charge to legislate a stop to that? Never seen it. I do, however, hear Republicans constantly talking about privatizing (read: destroying) SS.

    I've said it before and I totally believe it- I think all this doom and gloom about SS is much more about ultimately getting rid of it (for ideological reasons) than it is "fixing" it.

  7. #7
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    Re: 104 Republicans in Congress want to privatize SS

    wouldn't it be better if upon retirment, the funds you get come from your own deposits over the years? and not depending on the younger folks who are paying in?

    it will take a couple of generations but gradually it can happen...

  8. #8
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    Post Re: 104 Republicans in Congress want to privatize SS

    Quote Originally Posted by big easy View Post
    wouldn't it be better if upon retirment, the funds you get come from your own deposits over the years? and not depending on the younger folks who are paying in?

    it will take a couple of generations but gradually it can happen...
    Not if those funds are dependant on the stock market.

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