On th‍‍‍e Issues

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Social Securit‍‍‍y

Social Security is a sacred trust.  You ge‍‍‍t your paycheck docked every week with a FICA payment to protect yourself from destitution in old age. The problem is that the government collected that money, spent it, and now wants you to pay it back.  That's like saving money and then finding out you gave it to Bernie Madoff.

That's nutty.  Worse, it's immoral.

America should have an un-raidable sovereign wealth fund like many other rich nations. A place where the money that funds our social programs can be protected from greedy politicians and where we can be certain it will grow in an extremely modest and conservative way.

You can't tell people who trusted you to protect their future that you spent their future.  It's not fair, a deal is a deal.

  • Establish an American sovereign wealth fund.
  • Make intra-governmental lending by social safety net programs illegal.
  • ‍‍‍‍‍‍Require Social Security to invest in a broad index of the market.

‍‍‍Public & Private Pe‍‍‍nsions

‍‍‍Pensions have become a vehicle to avoid paying your workers.  Be it in government or private industry, too often when an organization is mismanaged it's the pension fund which is the victim.  We can and should fix that problem because a deal is a deal.  I'll introduce legislation that makes:‍‍‍

  • Both government and private industry need to fund pensions on a pay-as-you-go basis.
  • Pension funds must assume a rate of return no higher that a point below the prior five years average for the whole of the market.
  • Pension obligations must have first priority in a bankruptcy.