Social Security and The Economy

September 19, 2008 B. John 248 Views 0 Comments Ads, Bush, Election, mccain, Obama, Privatization, Social Security

I seem to recall that George Bush was all in favor of privatizing Social Security and having us all put all of our retirement funds in the stock market. I have a 401K at work. Unfortunately the company doesn’t contribute to it, but that’s not what this post is about. I checked yesterday, and my annual rate of return on it so far this year is -24%. (Yes, that’s a minus…negative in front of it.) So where would people be who depend solely on Social Security if their accounts had suddenly taken a 24% hit.

Mr. Reformer, John McCain, voted three times with Bush to privatize Social Security, and has repeatedly stated he supports privatization. I’m glad to see the Obama Campaign calling him out on it.

[youtube]http://www.youtube.com/watch?v=oV9GZUtCgPc[/youtube]

B. John

Records and Content Management consultant who enjoys good stories and good discussion. I have a great deal of interest in politics, religion, technology, gadgets, food and movies, but I enjoy most any topic. I grew up in Kings Mountain, a small N.C. town, graduated from Appalachian State University and have lived in Atlanta, Greensboro, Winston-Salem, Dayton and Tampa since then.

B. John

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