'Privatization' gets 'personal'

"McCain clearly believes he can offer personal accounts while keeping the rest of Social Security intact and rejects the privatization label. For all of these reasons, we find the DNC's claim to be Half True." Full Story »

Posted by Bill Adair
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Posted by: Posted by Bill Adair - Jun 16, 2008 - 12:08 PM PDT
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Edited by: Fabrice Florin - Jun 16, 2008 - 12:34 PM PDT

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Fred Gatlin
3.6
by Fred Gatlin - Oct. 1, 2008

The most interesting quote is that without private accounts McCain does not know to how continue social security. In two books Peter Peterson explains how to continue social security. McCain picks the one proposal that will not work.

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Jane Thomas1
3.2
by Jane Thomas1 - Oct. 1, 2008

This is a fairly good explanation of what McCain means to do with Social Security. I like the information regarding the word choice between "privatization" and "personal accounts." The piece is a good start on discovering McCain's view of the issue. However, it does not provide quite enough information to answer the obvious questions (e.g. how is McCain's plan different from Bush's and how would we keep the system "intact" with personal accounts for some?") Finally, the last paragraph makes little sense; it's irrelevant that McCain believes he can have personal accounts and keep SS intact. Is that possible? The DNC's claim that McCain favors "privatization" by one means or another is true--not "Half True."

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Bill Adair
5.0
by Bill Adair - Oct. 1, 2008

Disclosure: I'm the editor of PolitiFact

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Norman Rogers
1.0
by Norman Rogers - Oct. 1, 2008

This article seems obsessed with trivia. McCain favors goving people some control of their retirement accounts. The Democrats oppose it because it will give people a stake in the economy and investments which will make them lean Republican. That's what's going on. The Democrats want to take control away from us and treat us like cattle. The Republicans will treat us a little better.

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Clark Davis
3.3
by Clark Davis - Oct. 1, 2008

First you have to remember that Repuglicans have been against Social Security from day one and even some Democrats did not like it but now no halfway intelligent and decent Democrat would ever let the Republicans destroy Social Security. Bush tried to get rid of SS by privatizing it since the day he stole the first election from Gore. McCain promises to do exactly the same thing. Of course the next heavily Democratic congress would not permit that, and obviously McCain will never be elected. I'm not even sure he will make it to the November election. Republicans just can't stand to see all that money going to people who really need it, instead of the filthy rich creep's pockets, not to mention corrupt politicians getting their ... More »

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