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Old 09-20-2008, 05:07 PM   #56
dude1394
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Typical democrat demagoguery. No wonder NOTHING will be done about social security in our lifetimes...until the bankrupt ponzi scheme is gone. Yup...new kind of politician allright, racism and social security demagoguery...sounds like what's been going on for decades.

http://www.factcheck.org/elections-2...g_seniors.html
Quote:
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.
What he really said.

Quote:
For the record, McCain has said that he would seek a bipartisan deal with Congress to fix Social Security's financial problems.

During a Republican candidate debate last year in Orlando, Florida, he said:

McCain, Oct. 21, 2007: Look, what Americans need is some straight talk. They need to know -- every man, woman and child in America needs to know that both of these are going broke. They're going broke and we've got to do the hard things. We've got to fix it for the future generations of Americans. Don't we owe that to young Americans today? I say we do. ... It's got to be bipartisan. ... And you have to got to the American people and say we don't -- we won't raise your taxes. We need personal savings accounts, but we got to fix this system.

The system isn't exactly "going broke." But the latest official projection is that the trust fund will be exhausted by the year 2041, after which current tax rates will finance only 78 percent of currently scheduled benefits. We agree that "straight talk" is needed and that finding solutions will be hard. Ads like this, however, misinform the public and make the job of fixing the system more difficult.
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Last edited by dude1394; 09-20-2008 at 05:14 PM.
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