Key Democrats Supported Social Security Accounts in 2001

DLC | Key Document | August 1, 2000

The Hyde Park Declaration: A Statement of Principles and a Policy Agenda for the 21st Century

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We believe in shifting the focus of America’s anti-poverty and social insurance programs from transferring wealth to creating wealth.

5. Balance America’s Commitments to the Young and the Old
An ever-growing share of the federal budget today consists of automatic transfers from working Americans to retirees. Moreover, the costs of the big entitlements for the elderly — Social Security and Medicare — are growing at rates that will eventually bankrupt them and that could leave little to pay for everything else government does. We can’t just spend our way out of the problem; we must find a way to contain future costs. The federal government already spends seven times as much on the elderly as it does on children. To allow that ratio to grow even more imbalanced would be grossly unfair to today’s workers and future generations.
In addition, Social Security and Medicare need to be modernized to reflect conditions not envisioned when they were created in the 1930s and the 1960s. Social Security, for example, needs a stronger basic benefit to bolster its critical role in reducing poverty in old age. Medicare needs to offer retirees more choices and a modern benefit package that includes prescription drugs. Such changes, however, will only add to the cost of the programs unless they are accompanied by structural reforms that restrain their growth and limit their claim on the working families whose taxes support the programs.

Goals for 2010

• Honor our commitment to seniors by ensuring the future solvency of Social Security and Medicare.
• Make structural reforms in Social Security and Medicare that slow their future cost growth, modernize benefits (including a prescription drug benefit for Medicare), and give beneficiaries more choice and control over their retirement and health security.
• Create Retirement Savings Accounts to enable low-income Americans to save for their own retirement.

Signatories include:
Evan Bayh, United States Senator, Indiana
John Breaux, United States Senator, Louisiana
Lee Brown, Mayor, Houston, Texas
Bob Buckhorn, City Councilman, Tampa, Fla.
Tom Burroughs, State Representative, Kansas
Kevin Cahill, State Assemblyman, New York
Ken Cheuvront, State Representative, Arizona
Michael Coleman, Mayor, Columbus, Ohio
Pat Colwell, State Representative, Maine
Kathleen Connell, State Controller, California
Marti Crow, State Representative, Kansas
Donald T. Cunningham Jr., Mayor, Bethlehem, Pa.
Wayne Curry, County Executive, Prince George’s County, Md.
Jim Davis, United States Representative, Florida
Dan DeMarco, Commissioner of Ross Township, Pennsylvania
Dana Lee Dembrow, State Delegate, Maryland
Calvin Dooley, United States Representative, California
Douglas M. Duncan, County Executive, Montgomery County, Md.
John A. Fritchey, State Representative, Illinois
Jeff Gombosky, State Representative, Washington
Ron Gonzales, Mayor, San Jose, California
James S. Gregory, City Councilman, Bethlehem, Pa.
Daniel Grossman, State Representative, Colorado
Lars A. Hafner, State House Democratic Caucus Chairman, Florida
Bob Hagedorn, State Representative, Colorado
Karen Hale, State Senator, Utah
Robert Henriquez, State Representative, Florida
Scott N. Howell, State Senate Democratic Leader, Utah
Sam Hoyt, State Assemblyman, New York
Calvin Johnson, State Representative, Arkansas
Paula F. Julander, State Senate Minority Whip, Utah
Ember Reichgott Junge, State Senate Assistant Majority Leader, Minnesota
Delores G. Kelley, State Senator, Maryland
John F. Kerry, United States Senator, Massachusetts
Kwame Kilpatrick, State Representative, Michigan
Mary Landrieu, United States Senator, Louisiana
Thomas Lazieh, City Councilman, Central Falls, R.I.
Joseph Lieberman, United States Senator, Connecticut
Blanche Lambert Lincoln, United States Senator, Arkansas
Duane E. Little, Assessor, Shoshone County, Idaho
Dannel P. Malloy, Mayor, Stamford, Conn.
Jennifer Mann, State Representative, Pennsylvania
Jack Markell, State Treasurer, Delaware
Stan Matsunaka, State Senator, Colorado
Jonathan Miller, State Treasurer, Kentucky
Tom Miller, State Attorney General, Iowa
Bobby Moak, State Representative, Mississippi
James P. Moran Jr., United States Representative, Virginia
Eva Moskowitz, City Council Member, New York
Ed Murray, State Representative, Washington
Janet Napolitano, Attorney General, Arizona
Martin O’Malley, Mayor, Baltimore, Md.
Marc R. Pacheco, State Senator, Massachusetts
John D. Porcari, State Secretary of Transportation, Maryland
David Quall, State Representative, Washington
Joe Rice, Mayor, Glendale, Colo.
John Riggs IV, State Senator, Arkansas
Antonio R. Riley, State Representative, Wisconsin
Stacy Ritter, State Representative, Florida
Charles Robb, United States Senator, Virginia
Carroll G. Robinson, City Councilman, Houston, Texas
Tim Roemer, United States Representative, Indiana
Linda J. Scheid, State Senator, Minnesota
Allyson Schwartz, State Senator, Pennsylvania
Kathleen Sebelius, State Insurance Commissioner, Kansas
Eleanor Sobel, State Representative, Florida
Ellen O. Tauscher, United States Representative, California
Michael L. Thurmond, State Labor Commissioner, Georgia
Tom Vilsack, Governor, Iowa
Kirk Watson, Mayor, Austin, Texas
J.D. Williams, State Controller, Idaho
Philip Wise, State Representative, Iowa
Jane Wood, State Representative, New Hampshire