Candidates agree on goal but not how to achieve it
UTICA – The two candidates in the 24 Congressional District agree: The current Social Security system should remain in place and not be privatized
But Rep. Michael Arcuri, D-Utica, and Republican challenger Richard Hanna, of Barneveld, do have some differing opinions on how the government will have to respond to the program in the coming years.
The funding for Social Security is collected through workers’ paychecks. This year, for the first time ever, the system is paying out more money than it is taking in.
Despite this, both candidates said that projections show the system can remain as it is until 2037.
Hanna, however, said that with more money going out than coming in, the government is going to have to stop borrowing from Social Security and start dedicating funding to support it.
Hanna said he doesn’t think Arcuri understands that this needs to be a priority because Arcuri has voted for major spending bills such as the stimulus bill.
“The government is going to have to meet its obligation to keep it solvent,” Hanna said, of Social Security.