Jim Bunning on Social Security

Last Updated : May 27, 2010

Voting Record

Amendment - Social Security Reserve Fund

In 2007, congress attempted to pass an amendment to create a reserve fund for social security. This action was prompted by the increasing awareness that the Social Security program may not be financially solvent in the near future. Opponents claimed that the move was an end-around method to privatize social security. The amendment was largely supported by Republicans and largely opposed by Democrats. The amendment failed in a 45-52 vote. Jim Bunning voted in favor of the amendment to create a reserve fund for social security.

Jim Bunning voted in favor of the amendment to create a reserve fund for social security.

Amendment - Balanced Budget without Social Security

In April of 1999, the Senate voted on an amendment to prevent the government from using the social security surplus from balancing the federal budget. It created a "locbox" for the social security surplus and established limits on the federal debt. The amendment established four findings and two resolutions with multiple points of order to enforce those resolutions. These findings and resolutions were:

Congress finds that--

(1) the $69,246,000,000 unified budget surplus achieved in fiscal year 1998 was entirely due to surpluses generated by the social security trust funds and the cumulative unified budget surpluses projected for subsequent fiscal years are primarily due to surpluses generated by the social security trust funds;

(2) Congress and the President should balance the budget excluding the surpluses generated by the social security trust funds;

(3) according to the Congressional Budget Office, balancing the budget excluding the surpluses generated by the social security trust funds will reduce the debt held by the public by a total of $1,723,000,000,000 by the end of fiscal year 2009; and

(4) social security surpluses should be used for social security reform or to reduce the debt held by the public and should not be spent on other programs.

SEC. 203. PROTECTION OF THE SOCIAL SECURITY TRUST FUNDS.

(a) PROTECTION BY CONGRESS.--

(1) REAFFIRMATION OF SUPPORT.--Congress reaffirms its support for the provisions of section 13301 of the Budget Enforcement Act of 1990 that provides that the receipts and disbursements of the social security trust funds shall not be counted for the purposes of the budget submitted by the President, the congressional budget, or the Balanced Budget and Emergency Deficit Control Act of 1985.

(2) PROTECTION OF SOCIAL SECURITY BENEFITS.--If there are sufficient balances in the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund, the Secretary of Treasury shall give priority to the payment of social security benefits required to be paid by law.

The vote failed to overcome a cloture motion. However, it did get the majority of a 54-45 vote. Jim Bunning voted in favor of the amendment to create a lock box for social security surpluses and limit the federal debt.

Jim Bunning voted in favor of the amendment to create a lock box for social security surpluses and limit the federal debt.

 

Sponsored and Cosponsored Legislation

Session-111; Bill Number-S 677; Reforming an Entitlement through Premium Adjustments based on Income Resources (REPAIR) Act of 2009 - Cosponsor

Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act to require an income-related reduction in the part D premium subsidy. Declares that, in the case of an individual whose modified adjusted gross income exceeds a certain applicable threshold amount for a month after December 2009, the monthly amount of the part D premium subsidy shall be reduced (and the monthly beneficiary premium shall be increased) by the monthly adjustment amount determined according to a specified formula.

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