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June 13, 2008
Seeking freedom from the Right, my peace of mind...
I've been doing a lot of blogging over at my new site: Indignant Desert Birds, and neglecting this one. Sorry about that, ideally, you'd bookmark/RSS both...
Anyway, here's McCain on Social Security:
He doesn't want to "privatize" it, he wants to let "young people" take money out of Social Security (money already spoken for by current benefits) and let them put it into an "account with their name on it". You know, a "private" account. Would it destroy social security to take money away from current retirees and give it to young workers so they could gamble it on the stock market? I should think so! Unless he's also proposing a massive new tax increase to cover the shortfall.
And that's McCain's plan: more volatile retirement funds and massive new taxes to pay for it. Awesome
Posted by Andrew at June 13, 2008 12:31 PM
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