Wednesday, July 9, 2008

McCain: Social Security is a "disgrace"

John McCain thinks that Social Security is a disgrace, and he is going to fix it, just like Bush has fixed so many of our problems. Did I hear a gasp out there ; )

Here is what McBush stated yesterday:

Under the present setup, because we've mortgaged our children's futures, you will not have Social Security benefits that present-day retirees have unless we fix it. And Americans have got to understand that. Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers in America today. And that's a disgrace. It’s an absolute disgrace, and it's gotta be fixed.
Of course he also favors privatization (guess he doesn't watch the stock market),
Without privatization, I don't see how you can possibly, over time, make sure that young Americans are able to receive Social Security benefits. [CSPAN, 11/18/2004]
And then he states, today, that all things are on the table to fix Social Security, except "all things on the table" must mean something I do not understand because in the same interview, a few minutes later he takes things off the table:
During an interview with the editorial board of the Pittsburgh Tribune Review, Sen. John McCain (R-AZ) contradicted himself in a matter of minutes regarding Social Security. When asked how he would "fix Social Security," McCain first said, "You've got to say look, everything is on the table." But then, minutes later, when asked if he favored "raising the cap," McCain said, "No." He then criticized Sen. Barack Obama (D-IL) for previously saying that raising the cap is "one possible option."
Of course McCain most likely hasn't seen this article on Social Security:

The warnings have rumbled for decades: Just wait till the baby boomers retire. If you think there are strains on Social Security and Medicare now, brace yourselves for the implosion as the boomers start heading out to pasture. With the first of that generation now doing just that, we should be seeing the dust cloud soon, right?

Actually, if you've bought into the following myths about the bust the baby boom is supposed to usher in, you may be surprised

The article goes on to state the myths as well as the reality of what the situation really is, maybe McCain can take a few minutes on his weekend (he doesn't "campaign" on the weekend) and read a bit on the real issues with Social Security.

Time to education McBush on the state of the union, and work all the harder to elect Obama.

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