Posts Tagged ‘ bailout

Obama vs. McCain on the issues: Social Security

This post is in absolute danger of becoming a long, long rant about trickle down economics, deregulation, supposed “free market” capitalism, and the decimation of the true middle class. I will throw down some knowledge on that this week, but not today. Today, I want to focus on a small, small portion of the Social Security issue in light of what has happened on Wall Street this month.

It starts as simply as this. McCain wants to privatize Social Security. Obama doesn’t.

I believe, last week, that McCain compared Wall Street to a casino and had all kinds of quasi-regulatory talking points (“Cleaning up Wall Street” is not the same as saying you’re actually going to hold them accountable. It’s all talk.)

If Wall Street is a casino, why does McCain want us to trust the entirety of our retirements to it?

Imagine the absolute freak out that would be happening in this country if the entirety of not only our pensions and 401ks were on the line, but our Social Security as well. Of course, the government bailout essentially puts Social Security on the line, but that’s another topic.

So here’s your choice on your future.

Vote for Obama and you vote for someone who argued against privatization at the National Press Club in 2005 and has voted against Republican amendments to privatize Social Security.

Vote for McCain and you vote for someone who, if he’d had his way, would already have had your retirement in the rollercoaster stock market and free the government from any accountability for its citizens in their old age, despite them working to build the economy of this country for their entire lives.

Do not let McCain rewrite his own history on this. In 2000, part of his presidential agenda that he ran on was to privatize Social Security in “personal accounts” and he voted for Bush’s 2006 Social Security Privatization Plan, which would have moved Social Security’s annual surpluses into a reserve account that would become private accounts (ahem, you know, in the Wall Street Casino). [SCR 83, Vote #68, 3/16/06; SCR 83, Vote #68, 3/16/06]

Seriously, people. We cannot afford for McCain to be president. I don’t care which “culture war” issue may have to hedging to the Republican side, the downfall of our economy is NOT worth it. I’ll address the “culture war” issue – and how those issues are used to distract people – in another post.