Sen. Mark Kelly, D-Ariz., said Republican Blake Masters wants to privatize Social Security. Masters suggested that during the primaries, but reversed himself in the general election.
to Social Security. In a newspaper interview, Arizona Democratic Sen. Mark Kelly leveled that charge against Republican challenger Blake Masters."Yuma has a lot of retirees," Kelly said in an interview with a reporter from the Washington Examiner, a conservative news outlet,."My opponent? He wants to send their Social Security to Wall Street. He wants to privatize it. He wants to cut the knot.
During the Republican primary, Master floated the idea of privatization, but he retreated from the idea after he won the GOP nomination.in Arizona, the Republican Senate candidates were asked about reports of Medicare and Social Security going insolvent in future years. "What should be done to keep the promise that the federal government made to current beneficiaries?" the moderator asked."What should retirement security or financial freedom look like for the next generation?""We do need entitlement reform, but we can’t just slash entitlements; it’s more complicated than that, right? We can’t pull the rug out from seniors who are currently receiving Social Security, who are currently receiving Medicare.
"We’ve got to cut the knot at some point, though, because, I’ll tell you what, I’m not going to receive Social Security. … My kids, they’re not going to receive Social Security. And we need fresh and innovative thinking, right? Maybe we should privatize Social Security, right? Private retirement accounts, get the government out of it, past a certain point, because the government, it is just too big.
Social Security relies on dedicated payroll taxes to cover the cost of benefits to retirees. The program is out of balance and is spending more each year than it takes in.