We recently examined the GOP presidential candidates’ positions on Social Security, as revealed in a recent debate, and found them less than wholly impressive, although Fred Thompson scored a few points for candor.
The Democrats have been debating Social Security’s problems, too.
At a September 20 debate in Davenport, Iowa on Health Care and Financial Security, five Democrats (not including Barack Obama) took on the entitlements challenge.
One of the more provocative moments came when frontrunner Hillary Clinton charged that the Bush administration’s fiscal irresponsibility has cost Social Security 14 years of solvency — that is, brought the date when the Social Security Trust Fund is expected to be exhausted 14 years nearer.
Here’s the clip:
Watch the whole debate here. The Clinton statement is at 39:00 if you’d like to see it in context.
It’s a very strong claim — that Bush and congressional Republicans have shortened the life of the Social Security Trust Fund through irresponsibility and taking money out of the fund to finance the Iraq war and tax cuts for the rich.
Trouble is, it’s misleading at best.