Michele Bachmann on Social Security

Last Updated : Dec 13, 2011

Summary

Congresswoman Bachmann believes that the current social security system is not sustainable and that the liabilities that the US has obligated itself to are not realistic. In a 2010 speech, she stated that everyone already drawing funds the social security system or about to enter the system (55-60 years old) would be able to draw benefits as expected, but those younger than that would be allowed to remove themselves from the system.

In September of 2009, Congresswoman Bachmann stated that the current system of social security was not sustainable and that by 2035 social security spending would reach 17 percent of GDP. In February of 2010, Congresswoman Bachmann again noted that long term projections for unfunded mandates such as social security, Medicare, and Medicaid would eventually bankrupt the system if not overhauled.

One solution that Congresswoman Bachmann has proposed is the Truth in Accounting Act. This legislation would require the President to consider the long-term shortfalls from unfunded mandates when he proposes his budget. And, it would require both the GAO (Government Accountability Office) and the U.S. Treasury to report this information to the Congress so that the numbers can be used when we’re finalizing the annual budget.

During her 2012 Presdential campaign, Congresswoman Bachmann continued to assert that the social security, Medicare, and Medicaid systems must be overhauled. In an O'Reilly Factor appearance, she supported means testing for Medicare and social security for anyone not already in the system. Congresswoman Bachmann stated that her plan would not alter these programs for anyone already in the system or near the age of entering the system. She passively supported raising the retirement age of social security, but would not commit to an increased age.

 

Social Security is Broke

In September of 2009, Congresswoman Bachmann wrote an op-ed discussing the state of social security. She notes that the social security system is fiscally insolvent.

 

Constitutional Coalition Speech

In February of 2010, Congresswoman Bachmann spoke at the Constitutional Coalition rally in St. Louis. She stated that those above 55 could be kept within the social security system and paid their expected rates, but that the system would be ended for those below that age. She stated that the next generation could be weaned off of the system.

 

Open Up the Books

In May of 2009, Congresswoman Bachmann wrote an op-ed discussing her desire to see more transparency in the federal government. In that article, she notes the solvency issues within social security.

 

Bill O'Reilly Appearance

On August 8, 2011 Congresswoman Bachmann appeared on the O'Reilly factor and spoke about entitlement reform. She states that she supports means testing for Medicare and social security. She seems to support raising the retirement age, but refuses to set an age.

 

TEA Party Debate

Congresswoman Bachmann participated in the TEA Party debate in Tampa Bay, Florida in September of 2011. When asked about social security, she stated that she would ensure that all seniors would receive full benefits.

 

Michigan Economic Debate

On November 10, 2011 Congresswoman Bachmann participated in the Michigan economic debate. She discussed her social security plan.

 

Sponsored and Cosponsored Legislation

Session-110; Bill Number-H R 82; Social Security Fairness Act of 2007 - Cosponsor

To amend title II of the Social Security Act to repeal the Government pension offset and windfall elimination provisions.

References

[1] Website: Talking Points Memo Article: Bachmann: 'Wean Everybody Off' Social Security And Medicare Author: Eric Kleefeld Accessed on: 07/05/2011

[2] Website: Think Progress Article: Michelle Bachmann fueling republican drive to eliminate Social Security Author: Maryann Tobin Accessed on: 07/05/2011

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