Obama Scaring Seniors

Discussion in 'Politics' started by Revmitchell, Sep 20, 2008.

  1. Revmitchell

    Revmitchell
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    A new Obama ad characterizes the "Bush-McCain privatization plan" as "cutting Social Security Benefits in half." This is a falsehood sure to frighten seniors who rely on their Social Security checks. In truth, McCain does not propose to cut those checks at all.

    The ad refers to a Bush proposal from 2005 to hold down the growth of benefits for future retirees. Compared to the buying power of benefits paid to today's retirees, that would not have been a "cut" for anybody. It would have been a "cut" of half only in relation to benefits now promised to retirees who have yet to be born. And for average workers, that "cut" in 2075 was projected by one of Obama's own economic advisers to be 28 percent, not "half."

    The ad also says McCain voted "in favor of privatizing Social Security." The term "privatizing" could give the wrong impression. McCain does support creating government-managed accounts that would allow individuals to invest some portion of their Social Security payroll taxes in widely diversified stock or bond funds.


    More Here
     
  2. LeBuick

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    I admit, that is bad. It has long been the conservative philosophy to get rid of SS and let us invest for our own future. As Bush would say, "you can manage your money better than the government". However McCain is not totally sold that I know of but I guess Obama is saying he's guilty by association.
     
  3. Salty

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  4. LadyEagle

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  5. Wesjr

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    McCain is for raising the age from 65 to 68. And just like Bush he wants to invest a portion of "our" S.S. money into the stock market. If those paying into S.S. start putting their money or a portion of it into the stock market, who will pay for current benefits? It's been estimated if that happens, it would cost tax payers about a trillion to continue benefits. What if the stock market goes south. OH It DId. There goes another 700 billion. Job well done Mr. Bush and Mr. McCain. Deregulate, No Oversight.
     
  6. Major B

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    McCain tried to reform the mortgage and financial markets in 2005, and Democratic senators opposed the law and blocked it, including O-BA-MA.

    Maybe that's why he has several Fannie and Freddie people working for him, including a former chairman of Lehman Brothers.
     
  7. LeBuick

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    Before we go too far, don't forget Palin's stump speech gives a complete list of taxes she claims Obama will raise which is not true. McCain's seems to mention untruth about Obama tax plans also. This means the use of the scare tactic is not limited to Dems... It is in all politicians toolbox....
     
  8. LeBuick

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    Everyone fails to mention how Obama has been calling for the reform of these companies since the campaign period started. He was the only one trying to voice the concerns of us who are on main street. It was not until the crises his wall street that it got real attention.

    I think that makes the score 1 to 1.
     

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