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Retirees' group raps McCain stance on Social
Security
McCain Calls Social Security a “Disgrace”
In remarks at a July 7 forum in Denver, Senator
John
McCain called Social
Security “a disgrace.”
According to the
Washington Post, McCain said
“Americans have got to understand that we
are paying present-day retirees with the
taxes paid by young workers in America
today. And that's a disgrace. It's an
absolute disgrace, and it's got to be
fixed.”
Participating in a Democratic National Committee press
conference, Alliance Executive Director
Edward F. Coyle termed the
remarks, “one of the most insensitive,
anti-senior comments I have ever heard from
a public official.”
Also this week former senator
Phil Gramm,
a top adviser to McCain, told the
Washington
Times that the U.S. is a “nation
of whiners” and that we are in a “mental
recession” not an actual one.
Washington Post Spotlights Social Security
Policy Choices
A front page Washington Post article
contrasted the Social Security plans of
Senators
Barack
Obama and
John
McCain.
According to the article, McCain is considering raising the
retirement age, reducing scheduled benefit
increases, and privatizing the system
through individual accounts.
Obama, rejecting an increase in the retirement age,
privatization, or a cut in benefits, pledges
to tax income greater than $250,000 per year
at a rate of two to four percent to help fix
Social Security’s projected shortfall.
Currently, workers pay 6% in taxes on income
up to $102,000.
“It is important that retirees spend the next few months
learning more about the issues and where the
candidates stand,” said Alliance Treasurer
Ruben Burks.
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