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Tuesday
Mar152011

Sen. Bernie Sanders: Social Security 'Not Going Broke'

Brendan Smialowski/Getty Images (file)(WASHINGTON) -- Sen. Bernie Sanders (I-VT) on Tuesday dismissed the talk of Social Security going broke as "total nonsense."

"Social security has a $2.6 trillion surplus," Sanders claimed to ABC News. "[It] could pay out every benefit owed for the next 26 years. It is not going bankrupt and it is not going broke."

Sanders on Tuesday introduced legislation to protect Social Security from efforts to cut benefits or raise the retirement age.  The bill would require a supermajority vote -- 60 votes -- on any cuts to the system. Sanders said the "attack" on Social Security is about Republican ideology, not deficit reduction.

"I get a little bit disturbed when I hear folks going on the floor of the Senate or in the media talking about Social Security is going broke," he said. "'We have to reduce benefits, we have to privatize it, we have to raise the retirement age.' That is all total nonsense."

Copyright 2011 ABC News Radio







ABC News Radio