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GOP2012: Republican debate, January 19th, 2012
The Reality
Fact Check

Not Too Long Ago Romney Thought Social Security Should Be Gambled On Stock Market

September 07, 2011 at 9:21 P.M.

As recently as 2007, Mitt Romney supported George W. Bush’s plan to privatize Social Security.

2007: Romney Supported Bush’s Privatization Plan For Social Security Saying "That Works."  Romney said, "[T]he president said let’s have private accounts and take that surplus money that’s being gathered now in Social Security and put that into private accounts. That works."  [Fox News Debate, 10/21/07]

2007: Romney Praised Private Accounts For Social Security Recipients Calling Them "A Big Plus." "Republican Mitt Romney yesterday praised the notion of personal accounts for Social Security recipients, a key aspect of the Social Security reform plan of President Bush that never made it out of Congress. Romney said it would be a good idea to use the Social Security trust fund to allow personal accounts, which could earn higher rates of return for beneficiaries. 'Personal accounts would be a big plus,' Romney said at the New Hampshire Institute of Art yesterday afternoon." [Union Leader, 6/7/07]

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