Earlier today, Barack spoke with seniors in Columbus, Ohio, about his plan to preserve and protect Social Security. One of the key issues that Barack touched on was the dangers of privatizing Social Security.
At his own town hall meeting in New Jersey today, John McCain argued against claims that he himself was in favor of privatizing Social Security, but as Talking Points Memo shows, in 2004 McCain spoke openly about the need for privatization:
Contrast these conflicting messages with Barack's clear statement today:
Well let me be clear: privatizing Social Security was a bad idea when George W. Bush proposed it. It's a bad idea today. It would eventually cut guaranteed benefits by up to 50%. It would cost a trillion dollars that we don't have to implement on the front end, permanently elevating our debt. And most of all, it would gamble the retirement plans of millions of Americans on the stock market. That's why I stood up against this plan in the Senate, and that's why I won't stand for it as President.
Read more about Barack's plan to protect Social Security . . .
