Pence calls for Social Security reform, private savings accounts

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Pence calls for Social Security reform, private savings accounts
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"Under no circumstances should Republicans vote to cut a single penny from Medicare or Social Security,"Florida Gov.

"Under no circumstances should Republicans vote to cut a single penny from Medicare or Social Security,"Florida Gov. Ron DeSantis, widely considered to be Trump’s chief competitor for the nomination at the moment — if he decides to get in the race — regularly supported increasing the retirement age for Social Security when he was in Congress.

Pence has not formally declared for president, but is widely expected to jump in the race, after having spent close to two years making campaign-style trips across the country.Critics have long derided the idea of overhauling social security as an effort to “privatize” the popular government program, which would likely result in cuts to how much elderly and disabled Americans receive from the program.

"Mike Pence's presidential bid is dead on arrival. In a failing attempt to give it life, he’s leaning into George W. Bush’s far right, unpopular, and deeply harmful plan to privatize Social Security,” said Grace Hagerty, a spokesperson for American Bridge. “It didn't work then. It won't work now.

Pence couched the idea in terms of cutting into the federal debt and limiting spending — an idea that took a backseat during the Trump administration but has regained favor among Republicans with Democratic President Joe Biden in the White House. “It’s absolutely essential that we generate leadership in this country that will be straight with the American people, that will take us off this this trajectory of massive debt that we're piling on the backs of those grandchildren,” Pence said.

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