Kerry Calls Bush Investment Plan 'Rip-Off'

[emad]

Guardian
Wednesday September 22, 2004 3:01 PM
By MARY DALRYMPLE

Associated Press Writer

Snip

ORLANDO, Fla. (AP) - Democratic presidential candidate John Kerry on Wednesday called President Bush's proposal to privatize partially Social Security ``a rip-off'' that would create a windfall for financial and investment companies but end up cutting benefits for senior citizens.

``The truth is, the only people who benefit from George Bush's Social Security scheme are the special interests,'' Kerry said in remarks prepared for a town-hall meeting in West Palm Beach, Fla., a battleground state rich in people keenly interested in the two pillars of retirement, Social Security and Medicare.

Kerry's two-day swing through Florida, which began Tuesday, follows deadly hurricanes that nearly halted polling and politicking in the state. Bush made his third campaign-season trip to Florida this week to assess damage caused by Hurricane Ivan. Kerry has been to the state that decided the 2000 election nine times this year.

Bush favors allowing young workers to create voluntary personal savings accounts with some of the money they now pay into the Social Security system, a change he insists will not increase payroll taxes or change benefits for retirees or near retirees.

More:
http://www.guardian.co.uk/worldlatest/story/0,1280,-4506899,00.html

[rocktivity]

1. He actually used the word "ripoff?"

He sure did! WHOO-HOO!

"That's not a plan, it's a rip-off," he said. "George Bush's scheme hurts seniors by cutting benefits, and it hurts our economy by increasing the deficit."

:bounce:
rocknation

[cthrumatrix]

2. I live in the Tampa area..... THIS is "big deal" and seniors will go Kerry

they don't trust shrub...medicare and soc security


These are two huge issues in america

[madmax]

3. It's how to reach the general public.

Blunt! Lies, rip-offs, crooks, reckless, uninformed and wait for it...



wait for it.....










EMPTY SUIT!

[Just Me]

4. Bush = "Patriot for the Privileged"

The "Swaggering Servant to Special Interests"

The "Masterful Misleader"

The "Delusional Deceiver"

The "Bush Brigade of Betrayers"

The "Manipulator"

The "Truth Evader"

[cthrumatrix]

5. and supports coporations more than people....

[Just Me]

6. The "Cowboy Corporatist" 8^) n/t

[Beetwasher]

7. WooHoo! That's Tellin' it Like It Is!

Bush has NO credibility on this issue. None! Zilch! Nada! Ha Ha!

[cthrumatrix]

8. notice how the media is SILENT on this key issue

[0007]

9. JUNIOR will suck 'em in and the gravity effect of financial companies

will suck 'em off ~

"Kerry pointed to a study by Austan Goolsbee, a University of Chicago business professor, who studied a model that proposes workers set aside a small percentage of their pay in private accounts as a method to adjust Social Security to a rapidly graying population.

Goolsbee concluded that fees charged by financial companies could reap them hundreds of billions of dollars and eat 20 percent of the benefits in an account held by a worker making an average salary."

emad aisat sana :hi: