Progressive Democrat Issue 126: ROMNEY SUPPORTS PRIVATIZATION OF SOCIAL SECURITY
This comes from the Iowa Democratic Party:
Des Moines – This weekend, Iowans will get the chance to “Ask Mitt Anything” at events throughout the state. A week ago, Governor Romney praised George Bush’s plan to privatize social security, calling it “a big plus.” Iowans are encouraged to ask Romney about his plan for the future of social security.
“Apparently, Mitt Romney has forgotten that the idea of privatizing social security proved so unpopular that it was never brought up for a vote even when Republicans controlled the House and Senate,” said Carrie Giddins, Iowa Democratic Party Communications Director. “We hope that Iowans will ask why Romney supports privatization even after the plan was rejected by the American people.”
Romney Praised Bush Plan to Privatize Social Security. “Mitt Romney yesterday praised the notion of personal accounts for Social Security recipients, a key aspect of the Social Security reform plan of President Bush that never made it out of Congress. Romney said it would be a good idea to use the Social Security trust fund to allow personal accounts, which could earn higher rates of return for beneficiaries. ‘Personal accounts would be a big plus,’ Romney said.” [New Hampshire Union Leader, 6/7/07]
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Des Moines – This weekend, Iowans will get the chance to “Ask Mitt Anything” at events throughout the state. A week ago, Governor Romney praised George Bush’s plan to privatize social security, calling it “a big plus.” Iowans are encouraged to ask Romney about his plan for the future of social security.
“Apparently, Mitt Romney has forgotten that the idea of privatizing social security proved so unpopular that it was never brought up for a vote even when Republicans controlled the House and Senate,” said Carrie Giddins, Iowa Democratic Party Communications Director. “We hope that Iowans will ask why Romney supports privatization even after the plan was rejected by the American people.”
Romney Praised Bush Plan to Privatize Social Security. “Mitt Romney yesterday praised the notion of personal accounts for Social Security recipients, a key aspect of the Social Security reform plan of President Bush that never made it out of Congress. Romney said it would be a good idea to use the Social Security trust fund to allow personal accounts, which could earn higher rates of return for beneficiaries. ‘Personal accounts would be a big plus,’ Romney said.” [New Hampshire Union Leader, 6/7/07]
Click here to go back to THOUGHTS section and Table of Contents for this issue.
posted by mole333 | 9:19 PM
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2 comments
2 Comments:
Yes, much better than positive reform would be to increase payroll taxes (again) before the 2017 deficit. Or maybe we ought to deny the existence of a crisis and let younger workers get 75% or less of expected benefits.
THanks for commenting, Common. You are right that ignoring the problem is NOT a good idea. And BOTH parties have been ignoring it for years.
But privatization seems among the worst solutions. Highly unlikely to solve the problem, and quite likely to make it worse.
Now...I might be open to a cautious, small privatization aspect to Social Security, but it would take a lot to convince me. Think of all those private retirement funds that got screwed massively by bad investing. They either had to tank or be bailed out...by taxpayers.
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