McCain Would Privatize Social Security

[kpete]

McCain Would Privatize Social Security

Monday 15 September 2008

by: Dean Baker, t r u t h o u t | Perspective


The Republicans have already turned to sick sexual innuendo and nonsense about their vice-presidential candidate, pigs and lipstick in order to distract the public from the real issues in this campaign. One of the items that should be on top of the list of real issues is Senator McCain's plans to privatize and cut Social Security.

McCain has repeatedly expressed interest in privatizing Social Security along the lines proposed by President Bush. For those who have forgotten that nightmare, Bush's plan would have reduced benefits by approximately one percent a year for many workers.

Workers who retired 10 years after the plan was put in place would see a 10 percent reduction in benefits compared with the currently projected levels. Workers who retired 20 years after the plan was implemented would see approximately a 20 percent cut in benefits and workers who retired 40 years after the plan started would see their benefits cut by close to 40 percent.

This schedule of cuts would apply to workers who earn $100,000 a year. Workers who earn $60,000 a year would see cuts of about half this size.

more at:
http://www.truthout.org/article/mccain-would-privatize-social-security

[TwilightGardener]

1. I do think Obama needs to punch McLoser specifically on SS--

including McLoser's comments that the SS system was a "disgrace" because it relies on younger workers supporting old people. Social Security is a winner with most people, any tampering of it--ESPECIALLY when the stock market sucks--is going to cost McLame some old-folk votes.

[Rosa Luxemburg]

3. Voters don't know McCain's proposals for Social Security

so it's time to enlighten them

[Born_A_Truman]

2. He was for it before he was against it

http://www.youtube.com/watch?v=FyBwMy27Aoc

[Overseas]

4. The Real McSame. Save tax cuts for the Ultra-Rich and cut Social instead.

He has also proposed taxing medical benefits as well, for those lucky enough to get insurance on the job.

[dflprincess]

5. Al Franken is running a great ad against privatization

He talks about how Frannie's family wouldn't have gotton by without survivors' benefits after her dad died.

I collected survivors' benefits as well and back when I was getting them (Frannie Frankie too, I assume as she's a little older than I) you could collect them until you turned 22. Without Social Security I wouldn't have gotton through college.

[chicagoexpat]

6. John McCain Lie Counter Web Page

John McCain Lie Counter Web Page
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=7075041&mesg_id=7075041

[cottonseed]

7. It would be a certainty. The system needs cash.

And the ultra-rich need tax cuts.