The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

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

0
FacebookTwitterGoogle +Pinterest
previous post
Trump says Biden had the ‘right to run,’ but Dem Party ‘took it away’
next post
Substantial Deterioration in Number of IT BUY Signals

Related Posts

Tim Scott says Biden regulators should quit it,...

November 19, 2024

Israel says it killed top Hamas military commander...

August 1, 2024

One year after 10/7, Iran is losing the...

October 7, 2024

Trump ups his ante with September fundraising haul

October 3, 2024

Ratcliffe shrugs off concerns about potential threat of...

February 26, 2025

Biden admits keeping classified Afghanistan document ‘for posterity’s...

May 17, 2025

Trump announces Dan Bongino will be deputy director...

February 24, 2025

Informant accused of feeding FBI bogus Biden information...

December 13, 2024

Israel’s actions against Iran create strategic opportunity for...

June 15, 2025

The Hitchhiker’s Guide to failing to elect a...

December 27, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Latest

    • The Real Drivers of This Market: AI, Semis & Robotics

      July 21, 2025
    • What Musk’s fracture with Trump means for GOP’s future: ‘Beating heart of the Republican Party’

      July 21, 2025
    • Trump’s housing chief rips Powell for blowing millions on Fed facelift during housing crisis he perpetuates

      July 21, 2025
    • Trump celebrates 6 months back in office: US ‘totally revived’ after being ‘DEAD’ under Biden

      July 21, 2025
    • Biden admin spent hefty sum of US tax dollars to upgrade embassy swimming pools in Iraq, Russia

      July 21, 2025
    • Trump heads to Scotland, continues ironing out trade deals after notching six months back in office

      July 21, 2025

    Categories

    • Business (1,299)
    • Politics (4,040)
    • Stocks (1,535)
    • Uncategorized (45)
    • World News (1,292)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, 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 © 2025 thetraderharbor.com | All Rights Reserved