Reducing COLA is unfair to seniors living on fixed income
Rubio said that he favored raising the retirement age only for people younger than 55, meaning current beneficiaries would not be affected. Rubio also said he's open to rejiggering the cost of living adjustment.
Asked what he would do,
Crist said that raising the age "really flies in the face of an awful lot of my fellow Floridians" and said he would root out waste and fraud instead. The Crist campaign issued a post-debate statement: "Governor Crist believes that Speaker
Rubio's support of raising the retirement age and reducing Social Security cost of living adjustments is cruel, unusual and unfair to seniors living on a fixed income," it read. "While entitlement reform needs to be addressed, the speaker's position on
this issue demonstrates, yet again, that he does not have Floridians' best interests in mind. This issue will surely be one of many Florida voters will hear more about throughout the rest of this campaign."
Rubio pointed out the problems facing the Social Security program and stated that we're going to have to look at the tough choices, which include raising the retirement age for younger Americans, possibly reducing Cost of Living Adjustments, and other
changes to benefits. If you don't want to raise taxes--which both Crist and Rubio say they oppose--then these are pretty much your only options.
Crist replied that he opposes either a retirement age increase or changes to annual COLAs.
Instead, he would focus on attacking "waste and fraud" in the system. As a general rule, when a politician mentions "waste, fraud, and abuse" it should be interpreted the same as if the candidate wore a sign saying "I'm not serious."
That's not to say that we don't have problems with fraud, but that the real problem is simply that the government spends too much. This is particularly so in the case of Social Security, which is one of the most efficient federal government programs.
Q: [to Rubio]: Would you change cost-of-living adjustment for Social Security?
RUBIO: I think all of that has to be on the table, including the way we index increases in cost of living. All of these issues have to be on the table [including raising the
retirement age]. They are options that I would be open to.
Q: Gov. Crist, we looked all over your campaign Web site. Frankly, we couldn't find a word about Social Security reform.
CRIST: Well, I think it's important that we understand Social Security
must be saved. It must be protected. The idea of having a higher age for people to be able to be eligible for Social Security really flies in the face of an awful lot of my fellow Floridians and it's something that I would not advocate. I think we need t
take the fraud out of Social Security, the waste, in Medicare as well.
Q: You're saying that even for people under the age of 55 you would not raise the retirement age or you wouldn't change the cost-of-living adjustment?
Q: Which principles do you support regarding Social Security?
A: Invest a portion of the budget surplus into the Social Security trust fund.
Source: Congressional 1998 National Political Awareness Test
, Nov 1, 1998
Don't raise eligibility age; don't tax benefits
Q: What changes must be made in Medicare to guarantee that program's survival?
GRAHAM: The first thing we have got to do is cut out the fraud and abuse which is ripping off more than 10%, in some places in Florida up to 20% of our Medicare funds. Mr.
Crist has suggested that one of the important components of the financing of Medicare should be repealed
CRIST: I believe that Medicare is a sacred contract that we have with our senior citizens, and I will pledge to always try to protect Medicare as
well as Social Security going into the future. Sen. Graham felt that one of the ways to try to make Medicare last longer was to raise the age of eligibility of those for Medicare as well as the premium costs for Medicare. I don't think that's the right
approach. We ought to prioritize, make sure that we protect & preserve Medicare as well as Social Security by prioritizing those programs so that our seniors can always count on them. I don't think the right thing to do is to tax Social Security benefits
Source: St. Petersburg Times debate: Bob Graham vs. Charlie Crist
, Oct 19, 1998