Pat Waak: John McCain Wants to Privatize Social Security PDF Print E-mail

DENVER- After years of standing with President Bush to promote Social Security privatization, John McCain tried to convince voters yesterday that he was "not for privatizing Social Security. I never have been. I never will be."

The facts are stubborn things, though, as a new video released by the Democratic National Committee shows, Senator McCain clearly does and has long supported privatizing Social Security. In 2004, Senator McCain said "without privatization, I don't see how you can possibly, over time, make sure that young Americans are able to receive Social Security benefits." In 2005 Senator McCain hit the road with President Bush to help promote the President's failed effort to promote private accounts. In fact, as recently as March 2008, McCain told the Wall Street Journal he still supports President Bush's plan and is "totally in favor of personal savings accounts."

See Senator McCain's Social Security distortion here: http://www.youtube.com/watch?v=FyBwMy27Aoc

"The facts are the facts. Senator McCain supports privatizing Social Security, and was a voice of the Bush propaganda machine that tried to sell it to the American people," said Colorado Democratic Party Chair Pat Waak. "How does John McCain expect Coloradans to trust him after telling voters he opposes privatizing Social Security despite years of clearly supporting it? Colorado can't afford another Republican president who is willing to put the retirement security of millions of hard working families at risk, and can't afford a President who promises 'straight talk' but fails to deliver."

2004: McCain Says Privatization Only Way to Go Forward. Responding to a question of whether "privatizing Social Security be a priority for you going forward?" McCain answered, "Without privatization, I don't see how you can possibly, over time, make sure that young Americans are able to receive Social Security benefits." [C-Span Road to the White House, 11/18/2004]

2005: McCain Campaigned for Bush Social Security Plan. "McCain has been especially supportive of his onetime rival, appearing with Bush at three events over the past two days in trying to prod Democrats into negotiations to include private accounts in a plan to revamp Social Security." [Washington Post, 3/23/05]

2008: McCain "Totally In Favor" of Bush Privatization Plan. Earlier this year, McCain said "As part of Social Security reform, I believe that private savings accounts are a part of it - along the lines of what President Bush proposed." He pointed out that I campaigned in support of President Bush's proposal and I campaigned with him, and I did town hall meetings with him." [Wall Street Journal, 3/3/08]

 


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