Obama lied about Bush’s Social Security Plan
Posted by rightwinger on September 22, 2008
Ok America, in 10-15 years Social Security is going broke. Bush actually proposed a plan so that I might actually have something in Social Security when I retire. Anyway he was stopped by Dems who lied and said there’s not a problem. Anyway, Obama is lying again. This time its about Bush’s plan.
In Daytona Beach, Obama said that “if my opponent had his way, the millions of Floridians who rely on it would’ve had their Social Security tied up in the stock market this week.” He referred to “elderly women” at risk of poverty, and said families would be scrambling to support “grandmothers and grandfathers.”
That’s not true. The plan proposed by President Bush and supported by McCain in 2005 would not have allowed anyone born before 1950 to invest any part of their Social Security taxes in private accounts. All current retirees would be covered by the same benefits they are now.