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Social Security Dominates GOP Debate

December 6, 1999

Social Security reform dominated the December 2, televised debate of Republican presidential contenders in Manchester, New Hampshire, prompting more discussion than any other topic. Steve Forbes promoted his plan for Social Security privatization while attacking George W. Bush for contemplating raising the retirement age. Bush responded by reading a 1977 column advocating a retirement age increase -- written by Steve Forbes. Gary Bauer criticized Forbes's plan and backed retaining Social Security's traditional pay-as-you-go financing. Both Bush and John McCain reiterated their support for personal retirement accounts, while McCain came out against a retirement age increase, calling it unnecessary.

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Nearly two-thirds of those under 30 years old don't think Social Security will be able to pay them any benefit when they stop working. Fifty-seven percent of people 30 to 49 years old agree.
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"And there are more ideas-driven initiatives to come, including the partial privatization of Social Security, an issue that would still be unthinkable were it not for the relentless agitation of places like the Heritage Foundation and the Cato Institute."

- The Economist
February 10, 2001