McCain and Republicans Put Social Security At Risk
John McCain Collects Social Security Check -Every Month!
The Republican guard would have you believe that John McCain is the only Presidential candidate who knows how to fix the economy. The failed Bush Republican administration has had 8 years of economic disasters with the war of Iraq and Afghanistan continuing to put a severe negative strain on the fragile economy of the country.
John McCain suggested hiring yet more lobbyists (consultants) to tell us what went wrong and there is very little time for a commission which would take months to analyze the key ingredients to the financial downfall of the US major bank and insurance institutions.
Republicans have taken on enormous risks and indebted the country while their counter part regulators turned a blind eye to enable the disasters we are now facing who were also Republicans.
Republicans have taken on enormous risks and indebted the country while their counter part regulators turned a blind eye to enable the disasters we are now facing who were also Republicans.
George Bush’s idea of sound financial practices several years ago was to decide to privatize social security and let Wall Street play with the money, which actually would have put retirement funds also into the casino of fat Wall Street players.
McCain also has a great affection for privatizing government institutions and he is a senior citizen who has been quoted as far back as the year 2000 numerous times indicating he would privatize Social security.
Direct Quote: “MCCAIN: “But I think that the principle of privatization of Social Security is one that I think is absolutely correct.” [CNN, Evans, Novak, Hunt & Shields, 5/27/00]
Direct Quote: “ MCCAIN: “Without privatization, I don’t see how you can possibly, over time, make sure that young Americans are able to receive Social Security benefits.”
[C-Span Road to the White House, 11/18/2004]
[C-Span Road to the White House, 11/18/2004]
Direct Quote: “MCCAIN: “And the beauty of private accounts is that it does give added return on investments of taxpayers of Social Security members’ money.” [ABC News Transcripts, March 20, 2005, This Week With George Stephanopoulos]
MCCAIN: “Private savings accounts work. They have been proven to work.” [Fox News Network, Fox Special Report With Brit Hume, 3/21/05]
Other retirement savings plans are now lost but it could have been much worse had there been no objection to the George Bush privatization scheme.
The stock market continues its downward spiral and without the 90 billion dollar bailout of AIG and today with taxpayers money the scenario would have been much worse today.
McCain Collects Social Security Check Every Month!
McCain Collects Social Security Check Every Month!
The real kicker in all of this is that John McCain who’s income was over $ 400,000.00 in 2007 not including his wife’s income.
John McCain’s income from Social Security is $ 23,000.00 a year, for a monthly check of
$ 1,926.00 a month. The only problem is he doesn’t need it and it he could refund it back but he does not while others have lost their retirement income plans in the last few days.
Republicans are self-proclaimed fiscally conservative with money but this is not true of the past 8 years. They have been painted pigs at the trough feeding their own greed with profits from these failed institutions.
By accepting Social Security it is an indication that John McCain is just another pig at the trough when it comes to accepting it which would probably only cover the cost of a 3 day weekend trip for Mr. McCain.
Privatizing social security is a republican idea and they will continue to run the finances into the ground given another four years in power. Given that Enron started this roll a few years ago it is not a surprise that Goldman Sachs, AIG, Leyman Brothers are all total failures and have fallen into bankruptcy or bailouts.
The value of the dollar indicates the stability of a country and if it is not worth the paper it is printed on, the country will continue to send the message that it is basically insolvent.
BOOKMARKS : social security, privatizing social security, John McCain 2008, election 2008, politics, AIG, stock market crash, insolvent, US markets, Wall street, George Bush, McCain Palin, AIG, Leyman Brothers, Enron.
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