Pence Implodes 2024 Presidential Run With Call To Privatize Social Security
Credit: Screengrab
February 5, 2023

Someone apparently has a very bad case of amnesia if they don't remember how this worked out for George W. Bush. The more he talked about privatizing Social Security, the more his approval numbers tanked. Former Trump VP Mike Pence supposedly wants to run for president in 2024. Good luck if you think this will help you win the nomination, Mike: Pence calls for Social Security reform, private savings accounts:

Former Vice President Mike Pence, a possible contender for the Republican presidential nomination in 2024, said Thursday that he wants to “reform” Social Security and institute private savings accounts for recipients.

“There are modest reforms in entitlements that can be done without disadvantaging anybody at the point of the need,” Pence told an audience at the National Association of Wholesaler-Distributors summit in Washington, D.C. “I think the day could come when we could replace the New Deal with a better deal. Literally give younger Americans the ability to take a portion of their Social Security withholdings and put that into a private savings account.”

Video of the event was obtained by the Democratic tracking group American Bridge 21st Century.

The comments mark one of the first policy proposals from Pence as the field for the Republican nomination is fast taking shape. [...]

House Republicans, having retaken control of the chamber, have floated cuts to the popular federal program. But Trump himself, who in 2020 proposed eliminating the payroll tax, which funds Social Security, warned Republicans in January to leave that program and Medicare alone.

“Under no circumstances should Republicans vote to cut a single penny from Medicare or Social Security,” he said in a video released by his 2024 presidential campaign.

Yeah, let's just turn it into a casino and let Wall Street profit off it instead. What could go wrong? I'm not sure who is consulting with Pence, but they're doing a bad job if they believe this is the right way for him to launch a presidential campaign. And shame on the headline writers at Yahoo for not putting "reform" in quotes in the headline as well as the post, or for not leaving that word out all together. It's not "reform" Republicans are after. It's gutting the programs and/or privatizing them.

Can you help us out?

For nearly 20 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.


We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service for information on our posting policy.