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GOP 2024 Presidential Hopefuls News Articles Press Releases Mike Pence Thursday, Feb 16 2023

VIDEO: Mike Pence Doubles Down On His Plan To Privatize Social Security

Feb 16, 2023

In a TV interview today, former Vice President Mike Pence, a possible contender for the Republican presidential nomination in 2024, doubled down on his attack on Social Security and Medicare — calling for a replacement of the New Deal.

Just weeks ago, Pence said that he wants to privatize Social Security. He’s made it clear that this unpopular agenda to forfeit Americans of the money they’ve earned is a hill he is willing to die on.


When asked about his plans to privatize social security, Mike Pence said

“We literally have a paralysis in Washington, D.C. that says we’re never even going to talk about reforming 70% of the federal budget. That’s what entitlements, Social Security, Medicare, Medicaid, are all in that cache. And we simply are not going to restore the fiscal health of this nation by simply nibbling at the edges of the federal budget. I submit to you that we have to have a conversation about reforming entitlements in the days ahead. I think we can replace the New Deal programs with a better deal. I think in Social Security, you can keep all the promises that you made to seniors, you can, people that will retire within the next 20 years, no changes, but to give options to younger Americans, to invest a portion of their Social Security in a private savings account and get a better deal, I think is an idea whose time will come.”

Published: Feb 16, 2023 | Last Modified: Feb 22, 2023

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