S4's Jo talked with Mayor Giuliani at a town hall meeting in New Hampshire on June 5th, 2007, and had a chance to ask the mayor his thoughts on Social Security:
S4: Social Security was something that was not mentioned at the debates last night, but you've been mentioning it today. I want to thank you for mentioning it and ask, as president, how you would address the problems facing Social Security -- specifically, would you raise taxes, or would you allow future generations to have more ownership and control over their retirement with personal retirement accounts?
Giuliani: Whatever you know of my philosophy, which of those two things do you think I'm going to do? Tell me what you think and then I'll tell you what I'll do.
S4: I think you would choose ownership and personal retirement accounts.
(Applause. Giuliani steps forward, shakes S4's hand, and nods in agreement.)
Giuliani: I will tell you my overall philosophy that would apply to Social Security, health care, jobs, school choice - it is your money and you should have as much control over it as I can give you. You're going to do a better job with your money than the mess in Washington can do with your money. We've got to trust you. The great mission of the Republican party that started with Abraham Lincoln is to give more freedom to people. When America chooses the people, America moves forward. When we give you more control over your Social Security, we move forward, because as a group of three hundred million people, you're going to make better choices than the government bureaucrats. My whole administration will be to continue to release and accelerate the energy of the American people, not the control of the American bureaucrat.
Statements on Reform
[Senior economic adviser Michael] "Boskin said Giuliani agreed that long-term costs and solvency are an issue and that private accounts should be part of the solution, adding that 'people should have some choice' in how their accounts are handled."
- U.S. News & World Report, April 16, 2007