Thinkprogress:
Yesterday, despite his clear record on the issue, Sen. John McCain (R-AZ) told a crowd in Nashua, NH that he has “never” been for the privatization of Social Security.
At another town hall in Pemberton, NJ today, McCain tried to push back against criticism of his position on the issue by telling the crowd, “I will not privatize Social Security and it’s not true when I’m accused of that.” He then described the kind of private accounts he supports:
MCCAIN: I would like for younger workers, younger workers only, to have an opportunity to take a few of their tax dollars, a few of theirs, and maybe put it into an account with their name on it. That’s their money. That’s their money. So. So when I say that. So when I say that, please don’t let them twist that as they have others. It’s their money, it’s their money. And we will make sure that present day retirees, I will commit, have the benefits that they have earned. And nothing, any proposal would change that.
Rewind back:
In ‘05, Bush proposed an overhaul of Social Security that would have allowed workers to “divert a portion of Social Security payroll taxes to fund private accounts,” which would have then resulted in “reduced Social Security payments from the government.” In other words, he would be “carving up of Social Security to create privatization accounts.”
But only 33 percent of Americans supported such a plan, hence McCain’s reluctance to be associated with it now.
How quickly we forget...
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