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Question? Anyone remember how Bush and McCain wanted us to invest out Social Security

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Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:10 AM
Original message
Question? Anyone remember how Bush and McCain wanted us to invest out Social Security
and they used this example of the Texas Civil Service workers. I do not remember if they were state or a city.. I am thinking city.. But i remember having that shoved down our throats on a daily basis of why social security should be privatized

Wonder how those people are feeling right now?



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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:12 AM
Response to Original message
1. Here's some ammo to use against mcshit
http://www.aflcio.org/issues/politics/mccain_retirement.cfm

McCAIN WANTS TO PRIVATIZE SOCIAL SECURITY
McCain Voted for Bush’s 2006 Social Security Privatization Plan. In 2006, McCain voted for the Social Security Reserve Fund. The proposal would shift Social Security’s annual surpluses into a reserve account that would be converted into risky private accounts.

In 2000 McCain Wanted to Divert Social Security Money to Private Accounts. The Wall Street Journal reported that “ centerpiece of a McCain presidential bid in 2000 was a plan to divert a portion of Social Security payroll taxes to fund private accounts, much as President Bush proposed unsuccessfully.” The plan would put workers’ retirement money into the risky market and reduce the amount of Social Security payments they would receive from the government. The plan would undermine the Social Security system.

McCain STILL Proposes Privatizing Social Security—Despite What His Website Says. McCain told the Wall Street Journal he still backs a system of private retirement accounts that he supported in 2000 and President Bush pushed unsuccessfully. The Journal reported he “disowned” details of a proposal on his 2008 campaign website that says he would “supplement” the existing Social Security system with personally managed accounts. But when asked about the position change he denied it and promised to change the website to reflect his true position. “I’m totally in favor of personal savings accounts… As part of Social Security reform, I believe that private savings accounts are a part of it—along the lines that President Bush proposed,” McCain told the Journal.

Much More!!
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Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:13 AM
Response to Reply #1
2. Thank you!!
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bullwinkle428 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:23 AM
Response to Reply #1
4. And yet there are still LOTS of Republican fucknuggets out there running for office
Edited on Mon Oct-06-08 10:24 AM by bullwinkle428
THIS ELECTION CYCLE, that still include "reforming Social Security" as part of their platform!!!

Some people apparently can't even buy a clue these days! Maybe we need to bail them out so they can afford to do so...
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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 12:01 PM
Response to Reply #4
6. They are seeing their numbers crash.
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Lint Head Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:19 AM
Response to Original message
3. I remember. The Re-Pubic-Rats want to let Social Security and
Medicare die on the vine. They want to kill it as instantly as possible. Programs like these stand in the way of the blind greed that infests the cynical rich pricks that have taken over the US government and the financial institutions that control it.

Our politicians are subservient to their paymasters. If We the People begin to starve We the People should eat the rich. They are full of the best vitamins and food that money can buy.

:dem:
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:26 AM
Response to Original message
5. I have thought of this too and think WOW, what a really stupid idea that was, where is the rhetoric
Now?
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Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 01:31 PM
Response to Reply #5
8. And we came this close to it happening
whew!
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davekriss Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 12:03 PM
Response to Original message
7. DOW now off more than 30% from 14000 high
Privatizing social security would've amounted to social insecurity and vast immiseration for many.
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