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Letters: Group fears McCain's plan same as Bush's

Group fears McCain's plan same as Bush's If there was any doubt that Sen. John McCain is as bad as President Bush or worse on Social Security - out the window of the "Straight Talk Express" it went at his recent town hall campaign event in Denver...

Group fears McCain's

plan same as Bush's

If there was any doubt that Sen. John McCain is as bad as President Bush or worse on Social Security - out the window of the "Straight Talk Express" it went at his recent town hall campaign event in Denver. When asked about his position, McCain said, "Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers in America today. It's an absolute disgrace." An "absolute disgrace?"

Actually, Americans have a pretty good idea how Social Security works, Senator. It's the same pay-as-you-go system it's always been since President Franklin Delano Roosevelt conceived it over seven decades ago - delivering rock-solid guaranteed benefits for millions of retirees every day since.

It's unfortunate that Sen. McCain feels the need to use such extreme political rhetoric to push his Social Security agenda at the behest of his friends on Wall Street. McCain told the Wall Street Journal in March that: "As part of Social Security reform, I believe that private savings accounts are a part of it."

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This is the exact same misguided plan that Bush proposed in 2005 that was quickly and overwhelmingly rejected by the American people. The same Bush plan that would turn Social Security from a guarantee into a guaranteed gamble by diverting trillions of dollars away from the Social Security trust fund to pay for risky private investment accounts - money that would otherwise be used to pay benefits.

The same Bush plan that would slash guaranteed benefits for millions of seniors, survivors and people with disabilities and the same plan that would explode the national debt, all without adding a single day to the life of Social Security - not one single day.

If nothing was changed, Social Security will continue paying full benefits until the year 2046, so Sen. McCain's calls to tear down the entire house to fix the kitchen sink through privatization is more than a little reckless and raises serious questions about his judgment. No, Sen. McCain - Social Security is not "an absolute disgrace." Your promise to dismantle it with a risky investment scheme is.

Jeremy Funk, Americans

United for Change

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