Thompson, the First candidate to speak the truth and offer real solutions about Social Security
McLean, VA — Senator Fred Thompson today held an honest and straightforward discussion about his proposal to save Social Security for today’s generation of workers and protect America’s seniors by fully preserving their benefits. Sen. Thompson is the only presidential candidate to offer a comprehensive proposal on one of the nation’s most critical domestic issues.
“There’s no reason to run for President of the United States if you can’t tell the American people the truth about complex issues like Social Security,” Thompson said. “As we speak, Congress is raiding the Social Security Trust Fund. If we don’t act soon, the politicians in Washington will either repay those ‘IOUs’ through tax hikes or benefit cuts.
“My plan keeps our promise to America’s seniors by fully protecting their benefits and leaving them unchanged. Younger workers will be given the option of growing their personal wealth for the future and participating in a successful investment program similar to the one enjoyed by Members of Congress,” Thompson added.
Fact: The first Baby Boomer applied for Social Security benefits in October. She is the first of 80 million Boomers to seek the entitlement. The ratio of workers per recipient will fall from 3.3 to 2.1 over the next 24 years, when all Baby Boomers are past of the age of 65. Currently, Americans aged 65 and older account for approximately 12% of the population, but in 2030 they are expected to comprise 20% of the total population.
Goals for Saving Social Security and Protecting America’s Seniors:
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