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Norm's
Position(s) on the Partial Privatization of Social Security
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September
25, 2002 Norm Supports and Opposes Placing Social
Security Money in Stock Market
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In
Chicago, Coleman Reiterates His Support for Investing
Social Security Money in the Stock Market
September 25, 2002:
According to Chicago Tribune, "Coleman
says he still believes in allowing people to invest
a portion of their Social Security taxes in the stock
market."
Chicago Tribune, 9/25/02 |
In
Minnesota, Coleman Denies Support for Investing Social
Security Money in Stock Market
September
25, 2002: "Coleman Tuesday said he supports the
use of personal retirement accounts within the Social
Security system - meaning some Social Security dollars
would be invested, whether in bonds, treasury notes
or mutual funds."
"The
money would not be invested in the stock market,"
Coleman spokesman Kurt Zellers said. He
said the specifics of the plan would have to be worked
out by Congress.
Fargo Forum, 9/25/02
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2000
Coleman
on Record Supporting Bush Plan for Social Security
Then
Mayor Coleman, while serving as Minnesota chair of the
Bush for President Campaign, publicly supported the Bush
plan for Social Security. The Bush plan was described
by major news organizations as calling for the partial
privatization of Social Security. Norm Coleman went on
record, and defended the Bush Plan, calling Bush "courageous."
2001
Coleman Affirms
His Support for Partial Privatization, but says "We
Don't Use the Word. We Don't use 'Privatization.'"
True to the advice from Republican Pollsters,
in interviews, Norm Coleman avoids using the term privatization.
He does not change his position on putting Social Security
money into the stock market, simply the name he uses.
On the Jason Lewis show in late August 2001, Norm Coleman
affirms his support for partial privatization, but adds
"We don't use the word. We don't use 'privatization.'"
Listen
to the full exchange from the Jason Lewis show on August
24, 2001: (MP3)
(WAV)
Read
What Norm's Pollster Suggests Candidates Call the Bush
Privatization Plan (PDF)
2002
Paper Says Coleman Has Not Shied Away From
Partial Privatization Position
July, 2002: Minneapolis Star
Tribune writes that Norm Coleman has not "has not
shied from previous positions he has taken, such as advocating
for at least the partial privatization of Social Security."
Read
the Star Tribune Article (PDF)
Coleman
Ad: "I Don't Support Privatizing Social Security"
September
19, 2002: Coleman for Senate releases an ad where Coleman
says, "I don't support privatizing Social Security
and I'll fight against any one who would do that."
Ad says Norm Coleman: "will not privatize, guaranteed
benefits, protect the trust fund."
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September
25, 2002 Norm Supports and Opposes Placing Social
Security Money in Stock Market
|
In
Chicago, Coleman Reiterates His Support for Investing
Social Security Money in the Stock Market
September 25, 2002:
According to Chicago Tribune, "Coleman
says he still believes in allowing people to invest
a portion of their Social Security taxes in the stock
market." Chicago
Tribune, 9/25/02 |
In
Minnesota, Coleman Denies Support for Investing Social
Security Money in Stock Market
September
25, 2002: "Coleman Tuesday said he supports the
use of personal retirement accounts within the Social
Security system - meaning some Social Security dollars
would be invested, whether in bonds, treasury notes
or mutual funds."
"The
money would not be invested in the stock market,"
Coleman spokesman Kurt Zellers said. He
said the specifics of the plan would have to be worked
out by Congress.
Fargo Forum, 9/25/02
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New
Republican Ad Lies about Wellstone and Social Security
A
new attack ad contains direct lies about Wellstone's voting
record. The ad says "Wellstone voted two times to
raid the Social Security Trust Fund..."
This is a lie.
There has never, been a vote in the U.S. Senate to raid
the Social Security Trust Fund. In fact, Paul Wellstone
has voted 15 times to protect and strengthen Social Security
and the National Committee to Preserve Social Security
just awarded Sen. Wellstone a 100% rating.
See the Full Truth Test
on This Latest Ad...
New
Report Shows that Minnesota Workers Lost Over $4.12 Billion
in Retirement Assets Due to Stock Market Decline, Corporate
Crime, and Shift of US Pensions to "Defined Contribution"
Investments.
From December 2000 to December 2001,
workers and retirees in Minnesota lost over $4.12 billion
in retirement savings due to the rapid drop in the stock
market. Compiled by the Institute for America's Future,
they provide a glimpse of the dramatic losses suffered
during the recent economic downturn by Minnesota workers
whose retirement funds were invested in the stock market.
Read
Full Report...
Paul
Wellstone:
Protecting and Strengthening
Social Security
Paul
Wellstone has worked to protect and strengthen Social
Security for Minnesota's senior citizens, opposes any
plan to place Social Security into the stock market and
opposes raising the retirement age.
Wellstone
has:
 Supported
a measure cutting Social Security payroll taxes by $150
million.
Voted
15 times to protect and strengthen Social Security.
Voted
5 times for a Social Security lockbox.
Voted
for a Sense of the Senate measure opposing privatization
of Social Security.
Voted
to put $300 billion extra into Social Security each year
to extend its solvency.
Voted
to allow seniors to work and still receive the Social
Security benefits they deserve.
Voted
to require Social Security surpluses to be used only for
Social Security.
Supported
a measure expressing the Sense of the Senate that Congress
should close tax loopholes instead of raiding the Social
Security trust fund.
Voted
to protect Social Security from being used to provide
tax cuts to the wealthiest Americans.
Voted
against cutting Social Security benefits by $12 billion
as offsets for spending items.
Voted
to set-aside $1,000 in retirement savings for every newborn
through a Social Security KidSave account.
Download
Printer-Friendly Version of Paul's Record on Social Security
(PDF)
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