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Polls consistently indicate that John McCain has a distinct advantage over Barack Obama among older voters.  However, the one issue that is near and dear to their hearts is Social Security, which everyone agrees, is in need of reform.  Both McCain and Obama speak of reform, and of protecting Social Security.  But perhaps unbeknownst to the very Seniors that he is trying desperately to court, John McCain is bad for Social Security.

Not surprisingly, John McCain is bad for Social Security in the exact same way as George W. Bush was/is bad for Social Security.  John McCain supports supplementing the current Social Security system with personal accounts.  Sound familiar?  John McCain claims to be independent of Bush and that his run at the Presidency does not constitute a third Bush term.  Yet his adoption of Bush policy tells a different story.  When it comes to Social Security, not only is McCain wrong, but he is also foolish for not learning an obvious lesson.

In early 2005, the Bush Administration and its political allies raised and spent millions of dollars in an election-style campaign to promote private Social Security accounts.  Skeptics saw this move for what it was, i.e., a sop to Wall Street and its legions of generous Republican donors.  But the scheme was essentially dead on arrival in the Senate Finance Committee.  Thank our lucky stars!

If Bush’s boneheaded privatization scheme had become law, and even if only a fraction of American workers had opted to invest some of their earnings in private accounts rather than in traditional Social Security holdings, the late-2007 down-turn in the stock market and sustained doldrums that followed would have proven disastrous to those that place their faith in the economic wisdom of the Greedy Olde Party.  Just think of the personal losses, not to mention the amount of money that would have been diverted from the Social Security fund.

John McCain knows this, and by perpetuating the notion that private accounts are the salvation of Social Security, he is deceiving not only himself, but millions of his supporters, particularly those who will be trusting him to do the right thing.  He needs to be called out on this by Obama at the first possible opportunity.  This issue should also resonate with workers of all ages, including young people who are potentially most vulnerable, should the Republicans have their way in their further attempts to dismantle the New Deal.

It has become increasingly obvious that John McCain would follow George W. Bush through the gates of Hell.  We, the American people, should not feel compelled to join them.

Originally posted to mojave mike on Mon Jun 09, 2008 at 04:07 PM PDT.

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Comment Preferences

    •  Important issue: dumb repub ideas never die. (1+ / 0-)
      Recommended by:
      drewfromct

      Dumb repub ideas are backed by big interests who want your social security money.  They never go away.  

      McCain wants to turn Bush's policy of "too little, too late" into "even less much later" --- Barack Obama

      by Inland on Mon Jun 09, 2008 at 04:21:10 PM PDT

      [ Parent ]

  •  *I* support private accounts. (8+ / 0-)

    If you want one, go sign up at E-Trade for a Roth IRA.

    But leave my fucking Social Security alone.

    Stop McCain and the GOP. Support Barack Obama and the DNC.

    by DaveV on Mon Jun 09, 2008 at 04:08:53 PM PDT

  •  Tipped and recc'd (3+ / 0-)
    Recommended by:
    relentless, Inland, mojave mike

    Messing with Social Security has traditionally been the Third Rail for the Rethugs, and their last try at Enronizing it was a spectacular failure. With all the other issues, such as the war, oil prices, the economy as a whole, social Security has been pushed aside to the back pages. It can't hurt to remind folks that Bush, McCain, and the rest of the Rethugs want to put Wall St in charge of your pension. And we can't be shy or reticent in spelling out to Joe Sixpack exactly what happens when Wall St. gets ahold of something: The rich get richer, and the middle class gets f*cked. Every time. First they Enronized electricity. Then, with Halliburton and Blackwater, they Enronized war. Health care is all but entirely Enronized.

    Don't let John McCain Enronize Social Security!

    Al Qeada is a faith-based initiative.

    by drewfromct on Mon Jun 09, 2008 at 04:20:59 PM PDT

  •  How long have they been (0+ / 0-)

    promising that the market will make us rich? In reality it hasn't kept up with real inflation.

    I liked investing, but it is scary and unstable, just like everything they touch.

    Investing is DANGEROUS for retirement. If we did earn a pile of money, they would figure a way to take it back.

  •  Don't believe what the repubs say (0+ / 0-)

    about Social Security being in need of reform. That is their propaganda to gut Social Security.

    They want to make it worth a lot less by making people work longer and get less benefits.

    New statistics show that people are only living about 3 years on average, longer than they did when Social Security started.  That was taken care of, when they started gradually raising the full retirement age from 65 to 67 in 1983.

    Most people that have a job they like and have good health want to work longer and that is great.  There are many who don't like their job or they are not in the best health and they should be able to retire at 62.  That was the deal we have been paying for out of every paycheck since our first payday.

    This week two casual acquaintances, in their early sixties died in our area. There have always been those who live to be a hundred, but there are many mpre who don't make it to 70, which is the age that the republicans think is ideal retirement for us, while they retire earlier.

    They also want to raise the first age of retirement eligibilty from 62 to 65.  They say it wouldn't save any money.  If true, what is their point?

  •  I won't be getting social security. (1+ / 0-)
    Recommended by:
    Katie71

    Every quarter I get a Social Security administration statement telling me I haven't worked enough to earn social security. (I spent 7 years in grad school, and a lot of time after that earning unwanted "gaps" in my employment record).

    I don't have any private retirement funds either. At a couple jobs I tried to build up my own IRA, but I had to use that money to cover long periods of unemployment.

    The American Dream of working hard and retiring with dignity is one long sick joke to me. It's a race to see whether I become homeless or wear myself down to death with the years of stress and indignity.

    I think it's important to save social security. But I also think it's important to raise awareness that there are people like me: who won't be helped by the system because we're outside of the system. The first and best sort of social security is more support for the employment process early on. I'd also strengthen labor law, increase protections for "exempt" employees, and reduce exploitation of temps.

    •  There's a simple way to get that credit (0+ / 0-)

      Start some kind of business, any kind, and make at least $50 in each quarter.  That's all it takes to qualify.  If you declare #400 net earnings in self employment for the year (on your Schedule SE) you'll have at least the minimum for the 4 quarters.

      •  Not so simple (0+ / 0-)

        I tried to help someone start a non-profit a couple of years ago. Between the paperwork and the tax-filing issues, we never even got to the point of filing for nonprofit status with the IRS. My friend ended up paying taxes and penalties on a small donation.

        If it's that hard to set up a do-good nonprofit, I can't imagine what a pain it is to start and run a business.:-/

  •  No. No. No. No No. No. No. (0+ / 0-)

    No.

    Kick apart the structures.

    by ceebee7 on Mon Jun 09, 2008 at 05:16:18 PM PDT

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