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Candidate Positions on Social Security

Read the full responses from candidates below. “Answer option” is the choice given in the quiz, and “Candidate’s position” shows the candidate’s response to MPR News.

Question: Do you favor privatizing Social Security to any degree?
David DillonDavid Dillon ANSWER OPTION: You're going to have to put a little more money in or take a little less money out, or both. I do not support privatized Social Security.
CANDIDATE'S POSITION: You're going to have to put a little more money in or take a little less money out, or both. So if it's the third rail of politics, bring it to me. I'd like to put my tongue on it. It's not that complicated. (More Info)

Ashwin MadiaAshwin Madia ANSWER OPTION: If America's seniors had placed their trust in privatized Social Security they would most likely be at a huge loss right now. I do not support privatized Social Security.
CANDIDATE'S POSITION: If America's seniors had placed their trust in President Bush, they might have put their Social Security into some of the safest investments they could find in 2005. Companies like Bear Stearns, Merrill Lynch, GE, AIG, Fannie Mae, or Lehman Brothers. Imagine if a near-retirement senior had invested his Social Security savings in January 2005 and diversified his investments among these six companies. This morning, he would have awoken to a Social Security account with an 80 percent loss -- and a drastically different quality of life in retirement. (More Info)

Erik PaulsenErik Paulsen ANSWER OPTION: The government should provide any incentives. I support incentives to provide additional savings that can be done on top of regular retirement, whether it's through additional 401k savings, universal savings accounts, that's appropriate.
CANDIDATE'S POSITION: Social Security absolutely has to be preserved and protected, without a doubt. That is a contract. That is a bond that has been made with workers through the government. That needs to be carried on. The government should provide any incentives. I support incentives to provide additional savings that can be done on top of regular retirement, whether it's through additional 401k savings, universal savings accounts, that's appropriate. We have almost essentially a negative savings rate here in the United States and people need to set aside a little bit more money for their long term retirement. (More Info)