McCain For, Then Against Privatizing Social Security
by Josh Orton, Fri Jun 13, 2008 at 06:02:07 AM EDT
McCain was in full Mitt Romney mode yesterday, contradicting his previous position on privatizing Social Security:
"I am not for privatizing Social Security. I never have been. I never will be."
Well, that's not quite true.
This shows the slightly different perspective McCain had about privatization in November of 2004:
So McCain actually was in favor of privatizing Social Security, just not now - when it's no longer politically expedient.
Obama will be in Columbus, Ohio today - expect him to mention McCain's...change of heart.
Obama's campaign emailed out a preview of what he'll say:
Now, John McCain's ideas on Social Security amount to four more years of what was attempted and failed under George Bush. He said he supports private accounts for Social Security - in his words, "along the lines that President Bush proposed." Yesterday he tried to deny that he ever took that position, leaving us wondering if he had a change of heart or a change of politics.
Well let me be clear: privatizing Social Security was a bad idea when George W. Bush proposed it. It's a bad idea today. It would eventually cut guaranteed benefits by up to 50%. It would cost a trillion dollars that we don't have to implement on the front end, permanently elevating our debt. And most of all, it would gamble the retirement plans of millions of Americans on the stock market. That's why I stood up against this plan in the Senate, and that's why I won't stand for it as President.
Last fall, I was hoping the Republicans would nominate Romney. But McCain is proving almost as good.