The Green Party opposes any privatization of Social Security whatsoever. We oppose raising the retirement age above 65 years.
Source: 2008 Green Party Platform from 2008 Chicago Convention
Jul 13, 2008
Don’t privatize Social Security
The Green Party opposes the “privatization” of Social Security. The Social Security trust fund, contrary to claims being made by Republican and Democrat candidates, is not about to “go broke”
and does not need to be “fixed” by Wall Street. The alleged demise of Social Security benefits is based on the wildly pessimistic assumption that the economy will grow only 1.8% annually over the next three decades. At a more realistic 2.4% a year, the
fund is flush for the next 75 years.
Considering that the bottom 20% of American senior citizens get roughly 80% of their income from Social Security, and that without Social Security nearly 70% of black elderly and 60% of Latino elderly households
would be in poverty, it is critical that the public protections of Social Security are not privatized and subjected to increased risk based on misleading projections of shortfalls
Source: Green Party Platform, at 2000 National Convention
Jun 25, 2000
Click here for definitions & background information on Social Security.
