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Mike Gravel on Social Security

Social Security is a social insurance program officially called "Old-Age, Survivors, and Disability Insurance" (OASDI), in reference to its three components. It is primarily funded through a dedicated payroll tax. The debate over social security is largely in how and who will control these accounts. The candidates offer many prescriptions which run the spectrum between private and public control of social security.

The issues

Mike Gravel is neutral on privatizing social security through personal Social Security accounts

Q: So you support investment of the trust fund surplus, not personal accounts? GRAVEL: Well, first, investment of the trust fund - we can identify it personally and later on if some people want to do it personally they can, I have no problems with that. Let's let the people decide.

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Wants to put real money rather than borrowed money in the Social Security Trust Fund. He wants Congress to stop raiding the trust fund.

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Mike Gravel opposes raising the earnings cap on Social Security, which is currently $102,000

Gravel wants to adopt a Fair Tax which will totally fund Social Security.

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