Mike Pence, Tim Kaine Discuss Social Security at Vice Presidential Debate

The Republican and Democratic vice presidential nominees debate their plans for Social Security.
2:36 | 10/05/16

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Transcript for Mike Pence, Tim Kaine Discuss Social Security at Vice Presidential Debate
On the issue of Social Security in eighteen years when the Social Security trust funds run out of money he'll be 76. The committee for a responsible federal budget estimates your benefits. Could be cut by as much as 7500. Dollars per year what would your administration do to prevent this cut. First we're gonna protect Social Security which is one of the greatest programs that the American government has ever done it happened at a time when you would worked your whole life your whole life. Raising your kids working you know Little League coach you're a Sunday school teacher and then you would retire into poverty. And Social Security has enabled people to retire with dignity and overwhelmingly not be in poverty we have to keep it solvent and we will keep it solvent. And well look for strategies like adjusting the payroll tax cap upward in order to do that here's what Hillary and I will not to. And I want to make this very point. We will never. Ever engage in a risky scheme to privatize Social Security. Donald Trump wrote a book Annie said Social Security as a Ponzi scheme. And privatization. Would be good for all of us and when congressman pence was in congress. He was the chief cheerleader for the privatization of social security and even after President Bush stopped pushing for it. Governor and congressman pence kept pushing for a we're gonna stand up against efforts to privatize social security and we'll look for ways to keep it solvent going forward focusing primarily on the barrel tax cap. Governor Patrick given an opportunity to respond. Well thanks lane there they go again. The group. Not all bound over goalie Alibaba mindset about Social Security's we're gonna meet our obligations are seniors that's going to bode said we're going to meet the obligations of Medicare. Not that that's what this campaign is really about senator and I get this is. This is the old scare tactic that they relaxed player you have runners voting record and I'm like get all of that. Aren't I I just to look I act there's a question that you asked regularly I didn't want to offend your own voting record I have to go back to Rome and well look I'm I'm you're running with Hillary Clinton who wants to raise taxes by a trillion dollars increased spending. My two trillion dollars. Can you say you're gonna keep the promises a Social Security Donald Trump and are gonna cut taxes. We're gonna hear Bernard we're not selling my friends wrote you're gonna raise taxes on the I don't want easy obligations of social security and Medicare are we stay on the path to your party has a son. We're going to be in and indeed in a mountain range of death. And we're gonna face hard choices and gentlemen I want camera Barnett asked question about that and the debt explosion on that truck plant is much much fairer than anything on the funds.

This transcript has been automatically generated and may not be 100% accurate.

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