Lally says Social Security benefits must be changed for those 50 and younger

10/20/2010 07:25 PM

Republican congressional candidate Todd Lally said he objects to the decision that Social Security benefits for retirees should be frozen for the second straight year. But he said that those benefits are “going to have to be” changed for those under the age of 50 in order to continue the program.

Otherwise, “for the 40-and-under crowd, there will not be Social Security,” he said on Pure Politics.

Lally is challenging Democratic U.S. Rep. John Yarmuth in the 3rd congressional district that covers Louisville.

Lally said he believes the federal budget can be balanced within a few years without immediate changes to the Medicare and Social Security programs. But he offered few specifics.

He also said he hasn’t decided whether to support a national sales tax of 23% to replace the federal income tax — a proposal called the “Fair Tax” that is supported by former Arkansas governor and 2008 Republican presidential candidate Mike Huckabee, among others. Lally, like Republican U.S. Senate candidate Rand Paul, received the endorsement from Huckabee’s Huck PAC.

Paul had checked “yes” to the question of supporting the fair tax on the application for the endorsement, according to his former campaign manager David Adams.

But Lally said he didn’t remember whether he checked yes or no. “I don’t even remember filling that out,” he said.

And Lally said he liked some parts of the health care reform bill Congress passed, such as covering more children. But he stood by his comments that forcing people to have insurance — particularly young professionals went too far because not all young adults want insurance.

It’s “not a priority in their life.”

Here’s the full interview with him, which follows an interview with Yarmuth on Tuesday night’s edition of Pure Politics:

- Ryan Alessi

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