• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Walz in 2010 said plan to curb Social Security, increase retirement age was ‘very similar’ to his approach

by August 8, 2024
written by August 8, 2024

Vice President Kamala Harris’ running mate, Minnesota Gov. Tim Walz, said in 2010 that his plan for Social Security was ‘very similar’ to one that would increase the retirement age and adjust the cap on withholdings. 

The Harris campaign is pushing back after Fox News Digital reviewed the unearthed clip from a debate Walz participated in during his 2010 re-election campaign for Congress. The debate was on Oct. 12, 2010, and was held at Minnesota State University, Mankato. 

Walz, the Democratic candidate and incumbent, faced off against Independent candidate Steve Wilson and Republican Randy Demmer. 

Wilson laid out his plan first, which discussed gradually increasing the retirement age. Walz answered after, saying his approach would be ‘very similar.’ 

Harris for President spokesperson Joseph Costello, though, told Fox News Digital that Walz ‘does not support raising the retirement age, and in fact, Walz has repeatedly voted to protect Social Security and against GOP efforts to raise the retirement age.’ 

During the 2010 debate, the three candidates were asked, ‘In regard to the federal budget deficit: what would you do about Social Security and Medicare with regard to the deficit?’ 

Wilson, the independent candidate, answered first. 

‘Social Security is one that we can fix, and we just have to all put on our thinking of what we’re going to have shared sacrifice… There are three different groups of people that are affected by Social Security: one, the group that are paying in; second, the ones that are ready to retire; and third, the ones that are receiving benefits,’ Wilson said. 

Wilson said those paying into the program currently have caps on the amounts taken out of their paychecks. 

‘If we would allow that to go a little higher, then we could bring more revenue in,’ he said. 

Wilson then said the retirement age should be raised. 

‘If we look at the second group, those who are retiring, if we adjusted that retirement age a little bit and give people enough warning – remember shared sacrifice, not just you getting affected, everybody,’ Wilson said. 

Wilson then said the individuals getting benefits from Social Security should have the Cost of Living and Adjustments (COLA) amounts adjusted.

On Wilson’s website, he further explained his position, which stated: ‘The age of retirement would gradually start to increase within three years of the deployment of the safety net. It would continue to be indexed to life expectancy over the longer term.’ 

When it was Walz’s turn, he endorsed Wilson’s plan. 

‘Social Security is absolutely critical. It is the greatest anti-poverty program the world’s ever seen,’ he said. 

‘Social Security, as Steve Wilson said, who has very good ideas on Social Security, he’s thought about it – he’s being honest about it – he’s laid out a plan that I think is very similar to the approach that I would take in working with them on that,’ Walz said. 

Walz, during that debate, advocated against any ‘partial privatization’ of Social Security. He also said his family was personally affected by Social Security after his father died when he was in high school. 

‘Social Security Survivor Benefits that were there to make sure that we had the bootstraps that we could pull ourselves up by,’ he said. ‘They were loaned to us by Social Security. It’s a smart program.’ 

A source familiar with Walz’s views at the time told Fox News Digital that ‘Walz does not support raising the retirement age now, and that is not what he suggested in this 14-year-old, misrepresented exchange.’

The source said that after winning his race in 2010, Walz went on to oppose plans to raise the retirement age. In 2012, he voted against raising the age to 68; in 2012, he voted against raising the age to 70; and in 2014, he again voted against raising the retirement age to 70.

When asked for comment, the Harris campaign stressed that Walz does not support raising the retirement age, and, while serving in Congress, voted against efforts to raise the retirement age. 

‘For nearly two decades, as a governor and congressman, Walz has been a strong defender of Social Security,’ Costello said in a statement to Fox News Digital. ‘Like the Biden-Harris Administration, he supports shoring up Social Security by having the super-wealthy pay their fair share.’ 

Costello added: ‘When he was a teenager, it kept his family afloat after his dad, a veteran, passed away from lung cancer.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
In a reversal, Disney’s media assets are starting to generate more excitement than its parks
next post
UK regulator investigates Amazon’s $4 billion investment in AI firm Anthropic

related articles

Top House Democrat says there’s ‘no way’ Platner...

June 7, 2026

Spencer Pratt’s runner-up edge over Democrat Raman down...

June 7, 2026

Jill Biden says former president will live with...

June 7, 2026

WATCH: AOC leaves door open to 2028 White...

June 5, 2026

War of words ignites over Trump admin rebuke...

June 5, 2026

California election limbo fueled by 4 pressure points...

June 5, 2026

GOP senators torch scandal-plagued Platner while Dems stay...

June 5, 2026

Bondi’s replacement saddled with Epstein baggage as he...

June 5, 2026

Dem senator bankrolling Platner’s campaign ripped for downplaying...

June 5, 2026

Trump scores victory despite growing GOP divide after...

June 5, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Schumer forces reading of Trump’s entire ‘big, beautiful bill’ as Senate braces for all-nighter

    June 29, 2025
  • Weiss Report: Hunter’s drug use can’t explain away not paying taxes on money earned by ‘last name’

    January 14, 2025
  • Comer requests Trump DOJ prosecute James Biden for making ‘false statements’ during impeachment inquiry

    January 17, 2025
  • Emerging markets see biggest outflows since 2020 amid Asia sell-off

    April 8, 2026
  • Apple stock: UBS explains why Q2 earnings will come in strong

    April 28, 2026

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,594)
  • Investing (3,025)
  • Stock (1,059)

Latest Posts

  • Figma stock has crashed to a record low: is it a bargain or a value trap?

    April 10, 2026
  • Obama calls Charlie Kirk’s death ‘horrific,’ blames Trump for fueling division

    September 17, 2025
  • Top five clashes of the Harris-Trump presidential debate: ‘I’m talking now’

    September 11, 2024

Recent Posts

  • Israel accuses Iran of smuggling weapons into Jordan as region braces for possible retaliatory strike

    August 12, 2024
  • Why Melania’s hit documentary terrifies critics who desperately wanted her to fail

    February 6, 2026
  • Trump says he is pulling security clearances for people he does not ‘respect’

    February 10, 2025

Editor’s Pick

  • Senate DOGE Republican pushes bill to bring government computer systems ‘out of the stone age’

    February 6, 2025
  • White House highlights over $2B in savings from DEI cuts during Trump administration’s first 100 days

    May 8, 2025
  • Trump answers whether Comey indictment is about justice or revenge

    September 26, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock