Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Trump considers tax hike on Americans making $2.5...
GOP senators: Congress should vote on Trump’s potential...
White House highlights over $2B in savings from...
GOP talk on millionaire tax hike ‘makes no...
Trump’s first vice president urges his old boss...
Department of Justice opens criminal investigation into NY...
Trump claims ‘I don’t know her’ and ‘listened...
Rubio just got an additional job in Trump’s...
OpenAI’s Sam Altman thanks Sen John Fetterman for...
Former Supreme Court Justice David Souter dead at...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Politics

Walz in 2010 said plan to curb Social Security, increase retirement age was ‘very similar’ to his approach

by admin August 9, 2024
August 9, 2024
Walz in 2010 said plan to curb Social Security, increase retirement age was ‘very similar’ to his approach

Vice President Kamala Harris’ running mate, Minnesota Gov. Tim Walz, said in 2010 that his plan for Social Security was ‘very similar’ to one that would increase the retirement age and adjust the cap on withholdings. 

The Harris campaign is pushing back after Fox News Digital reviewed the unearthed clip from a debate Walz participated in during his 2010 re-election campaign for Congress. The debate was on Oct. 12, 2010, and was held at Minnesota State University, Mankato. 

Walz, the Democratic candidate and incumbent, faced off against Independent candidate Steve Wilson and Republican Randy Demmer. 

Wilson laid out his plan first, which discussed gradually increasing the retirement age. Walz answered after, saying his approach would be ‘very similar.’ 

Harris for President spokesperson Joseph Costello, though, told Fox News Digital that Walz ‘does not support raising the retirement age, and in fact, Walz has repeatedly voted to protect Social Security and against GOP efforts to raise the retirement age.’ 

During the 2010 debate, the three candidates were asked, ‘In regard to the federal budget deficit: what would you do about Social Security and Medicare with regard to the deficit?’ 

Wilson, the independent candidate, answered first. 

‘Social Security is one that we can fix, and we just have to all put on our thinking of what we’re going to have shared sacrifice… There are three different groups of people that are affected by Social Security: one, the group that are paying in; second, the ones that are ready to retire; and third, the ones that are receiving benefits,’ Wilson said. 

Wilson said those paying into the program currently have caps on the amounts taken out of their paychecks. 

‘If we would allow that to go a little higher, then we could bring more revenue in,’ he said. 

Wilson then said the retirement age should be raised. 

‘If we look at the second group, those who are retiring, if we adjusted that retirement age a little bit and give people enough warning – remember shared sacrifice, not just you getting affected, everybody,’ Wilson said. 

Wilson then said the individuals getting benefits from Social Security should have the Cost of Living and Adjustments (COLA) amounts adjusted.

On Wilson’s website, he further explained his position, which stated: ‘The age of retirement would gradually start to increase within three years of the deployment of the safety net. It would continue to be indexed to life expectancy over the longer term.’ 

When it was Walz’s turn, he endorsed Wilson’s plan. 

‘Social Security is absolutely critical. It is the greatest anti-poverty program the world’s ever seen,’ he said. 

‘Social Security, as Steve Wilson said, who has very good ideas on Social Security, he’s thought about it – he’s being honest about it – he’s laid out a plan that I think is very similar to the approach that I would take in working with them on that,’ Walz said. 

Walz, during that debate, advocated against any ‘partial privatization’ of Social Security. He also said his family was personally affected by Social Security after his father died when he was in high school. 

‘Social Security Survivor Benefits that were there to make sure that we had the bootstraps that we could pull ourselves up by,’ he said. ‘They were loaned to us by Social Security. It’s a smart program.’ 

A source familiar with Walz’s views at the time told Fox News Digital that ‘Walz does not support raising the retirement age now, and that is not what he suggested in this 14-year-old, misrepresented exchange.’

The source said that after winning his race in 2010, Walz went on to oppose plans to raise the retirement age. In 2012, he voted against raising the age to 68; in 2012, he voted against raising the age to 70; and in 2014, he again voted against raising the retirement age to 70.

When asked for comment, the Harris campaign stressed that Walz does not support raising the retirement age, and, while serving in Congress, voted against efforts to raise the retirement age. 

‘For nearly two decades, as a governor and congressman, Walz has been a strong defender of Social Security,’ Costello said in a statement to Fox News Digital. ‘Like the Biden-Harris Administration, he supports shoring up Social Security by having the super-wealthy pay their fair share.’ 

Costello added: ‘When he was a teenager, it kept his family afloat after his dad, a veteran, passed away from lung cancer.’

This post appeared first on FOX NEWS

previous post
Netanyahu apologizes for Oct. 7 Hamas attacks, warns Israel now faces ‘full-fledged Iranian axis’
next post
Stellantis laying off 2,450 plant workers due to discontinuation of Ram ‘Classic’ pickup truck

You may also like

124 Dems oppose historically bipartisan defense bill over...

December 12, 2024

Trump to tap new national security advisor in...

May 5, 2025

Vulnerable House Dem rakes in thousands of dollars...

April 29, 2025

House Republicans privately worry about political fallout of...

September 6, 2024

Here’s what Trump is really up to with...

April 5, 2025

Key Senate chairman criticizes ‘anonymous sources with ulterior...

January 23, 2025

Trump re-designates Iranian-backed Houthis as terrorists: ‘Threaten[s] security...

January 23, 2025

First American hostage to be released from Gaza,...

January 31, 2025

Intelligence agency classifies country’s popular Alternative for Germany...

May 3, 2025

Senate Republicans coin ‘Schumer shutdown’ ahead of critical...

March 13, 2025

Recent Posts

  • Trump considers tax hike on Americans making $2.5 million or more per year
  • GOP senators: Congress should vote on Trump’s potential Iran nuclear deal
  • White House highlights over $2B in savings from DEI cuts during Trump administration’s first 100 days
  • GOP talk on millionaire tax hike ‘makes no sense,’ Trump White House alum says
  • Trump’s first vice president urges his old boss against raising taxes on wealthy Americans

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (712)
    • Investing (2,058)
    • Politics (2,553)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.