In the speech, Rubio said that Social Security and Medicare “weakened us as a people” because “it was no longer necessary to worry about saving for security because that was the government’s job.” Rubio is on the ballot this November.
Full Answer
What is Marco Rubio’s stance on social security?
In 2010, Rubio ran for Senate on a platform of massively cutting Social Security benefits by raising the retirement age and reducing cost-of-living increases. He falsely claimed that Social Security would “bankrupt” the nation, ignoring the fact that Social Security is an earned benefit that doesn’t add a single penny to the federal deficit.
What's the difference between Rubio and Scott Scott's Medicare plan?
Scott has proposed an 11-point plan that includes "sunsetting" Social Security and Medicare within five years, while Rubio has called for raising the Social Security retirement age to 70 and privatizing Medicare. (George Bennett/Palm Beach Post/TNS)
What would Marco Rubio's retirement plan mean for You?
Under Rubio's proposal, the retirement age would stay the same for workers over the age of 55. But for younger workers, he proposed gradually increasing the retirement age, though he did not provide details as to how high he would raise it.
What would happen to Social Security and Medicare under Scott’s plan?
A “sunset provision” means that funding for Social Security and Medicare would expire automatically — in the case of Scott’s plan, in just five years. In other words, if Scott gets his way, Social Security and Medicare would cease to exist. So, what would that mean for you and your family?
Medicare and Social Security to be insolvent
For years the issues surrounding Medicare and Social Security have been ignored, but Marco Rubio says now is the time to stave off insolvency. In fact, Rubio announced there is a mathematical certainty that Medicare and Social Security will be insolvent by the time he reaches the age of 67 if something is not done.
What does Marco Rubio suggest to save Social Security and Medicare?
Rubio listed specific changes he thought could be done immediately that would not hurt those who currently receive the entitlements such as gradually raising the retirement age for younger workers under the age of 55 and expanding the congressional retirement savings program to workers whose employers dont offer similar programs.
Why did Rubio nix the Social Security test?
The test is intended to discourage people from claiming Social Security early, but Rubio claims it can have a reverse effect and discourages seniors from staying in the workforce. He proposed nixing the test entirely.
What is the NIX test for early claimers?
Nix the earnings test for early claimers: Under current rules, anyone who claims Social Security before their full retirement age but keeps working is subject to a "Retirement Earnings Test" that reduces benefits significantly for anyone who earns more than $15,000 a year.
What did Marco Rubio say about the elderly?
At a speech at the National Press Club in Washington, D.C., on Tuesday, Senator Marco Rubio took on the issue, proposing a series of changes that he said would modernize the program in light of longer life expectancies and a growing elderly population.
What age does Rubio want to retire?
Under Rubio's proposal, the retirement age would stay the same for workers over the age of 55. But for younger workers, he proposed gradually increasing the retirement age, though he did not provide details as to how high he would raise it. Reduce benefits for wealthy seniors: Noting that wealthy retirees rely on Social Security for ...
How much payroll tax is used for Social Security?
Eliminate payroll tax for older workers: Today, all workers (and their employers) are subject to a 12.4% payroll tax that is used to fund the Social Security system.
How long can a 65 year old live?
Today, a 65-year-old can expect to live 20 more years. That's a much longer period of time to cover.
When will Social Security run dry?
Currently, Social Security's trust fund is expected to run dry in 2033 -- at which point, the agency will rely on payroll taxes to fund 77% of promised benefits.
Why does Rubio want to protect Social Security?
He'll protect Social Security because our seniors have earned it. The claim that we're checking is that Rubio "wants to raise the Social Security retirement age" and "cut benefits.". The Rubio campaign was ready and waiting for the Crist attack.
What did Marco Rubio say about retirement?
Rubio has suggested that one solution is to gradually raise the retirement age. Speaking to reporters in Tallahassee on Jan. 27, 2010, Rubio said the "retirement age issue is going to have to be confronted at some point as part of a measure to reform Social Security.".
What does the Charlie Crist ad show?
When the ad cuts to Charlie Crist, it shows him talking and shaking hands with seniors. "Crist knows that Rubio has pledged to protect and preserve Social Security for those who are at or near retirement," Rubio's campaign said in their press release.
What is Charlie Crist's latest attack ad?
Charlie Crist's latest attack ad targets Republican U.S. Senate candidate Marco Rubio and hits on a touchy subject for elderly Floridians: Social Security. The 30-second ad aims to sway votes in a key demographic.
Does Charlie Crist want to protect Social Security?
Charlie Crist is purposely trying to scare seniors in order to win votes," Bush said. "The fact is, Marco Rubio will protect Social Security. His own mother relies on Social Security and he has repeatedly stated that he would not support or propose any benefit reductions for current retirees or people who are close to retirement.".
Does Rubio want to cut benefits?
That means you’ll work harder and longer for your money. And Rubio wants to cut benefits, though it’s already tough enough to make ends meet. That’s Washington for you – balance the budget on the backs of seniors. There’s a better choice. Charlie Crist is against raising the retirement age.
Does Rubio want to raise the retirement age?
Rubio wants to raise the Social Security retirement age. That means you’ll work harder and longer for your money.
Why did Marco Rubio want to cut Medicare?
"Marco Rubio wanted to cut Social Security and Medicare because he said they’re bankrupting our country.
What did Rubio call for?
As for Medicare, he called for a "premium support system" that would give seniors a fixed amount of money to purchase insurance from Medicare or a private provider. That was similar to a plan by U.S. Rep. Paul Ryan, R-Wis. Rubio voted for the Ryan budgets that included reductions in future Medicare spending.
How much money did Marco Rubio take from the insurance industry?
But that’s what politicians say when the insurance industry bankrolls their campaigns. Marco Rubio has taken almost $1 million from the insurance industry which was profit from his privatization plans," says the narrator in a TV ad by the Senate Majority PAC and AFSCME People.
Did Rubio say retirement would be cut?
Rubio has repeatedly said since 2010 that those programs will bankrupt the United States. His plan to raise the retirement age would amount to a cut for those recipients. He supported the Ryan budgets that included reductions in future Medicare spending.