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McCain supported this. I'm not clear on his current position, but it certainly speaks to his judgement.
Of course the fundamentals of the economy are strong.
Of course the fundamentals of the economy are strong.
http://www.aflcio.org/issues/politics/mccain_retirement.cfmIn 2000 McCain Wanted to Divert Social Security Money to Private Accounts. The Wall Street Journal reported that “[a] centerpiece of a McCain presidential bid in 2000 was a plan to divert a portion of Social Security payroll taxes to fund private accounts, much as President Bush proposed unsuccessfully.” The plan would put workers’ retirement money into the risky market and reduce the amount of Social Security payments they would receive from the government. The plan would undermine the Social Security system. [Wall Street Journal, 3/3/08]
http://articles.latimes.com/2008/may/19/nation/na-obama19[May 19, 2008] Sen. Barack Obama on Sunday continued his efforts to tie presumptive Republican presidential nominee John McCain to President Bush, contending that the Arizona senator’s Social Security proposal was simply a continuation of Bush’s failed attempt to privatize the government-sponsored retirement plan.
“Privatizing Social Security was a bad idea when George Bush proposed it,” Obama told a forum at an assisted-living facility here. “It’s a bad idea today.” ...
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