Posts Tagged ‘social security’

Wall Street’s Woes & Social Security

Here’s a talking point that I think should be spread far and wide:

If John McCain and George Bush had succeeded in their efforts to privatize Social Security, the Wall Street meltdown of the past several days would have dealt a critical blow to the retirement security of millions of Americans, including the majority of its senior citizens whose fixed incomes would be the most vulnerable.

This is why privatizing Social Security — a move that John McCain endorsed when Bush proposed it in 2004, and which he continued to endorse as recently as six months ago — is a really bad idea.

Social Security, as it’s currently constituted, is stable; the stock market, as we’ve just seen, is not.

So why the hell does a slight plurality of voters still say it trusts John McCain with the economy more than it trusts Barack Obama?

I think someone needs to take this talking point and go stab those morons with it.