August 21, 2008
If John McCain has his way, it’ll be your last
Seventy-three years ago on August 14, President Franklin Roosevelt signed the Social Security Act into law. Today, more than 42 million Americans count on that monthly check to help buy groceries, pay the rent or get medicine. For all these 73 years, Social Security has never missed a payment.
But if retirees, people with disabilities and other Social Security beneficiaries had to count on Wall Street and the stock market to ensure Social Security’s stability – as Sen. John McCain, President Bush and other Republican privatizers of Social Security have long sought – that reliability would replaced by an unacceptable risk.
Retired and active union members in NC defend Social Security
Members of the NC Alliance for Retired Americans took that message to the headquarters of the NC Republican Party on Wednesday, where they walked a picket line and demanded GOP candidates drop their efforts to undermine the longest running and most successful government run family program ever. See pictures of their protest.
Today, members of the Triad At-Large Union Retiree Club hand delivered a signed birthday card and cake to the Social Security Administration office in Winston-Salem.
This from a Senator who himself collects over $1,929 a month in retirement benefits – despite owning eight homes and having a net worth of over $40 million!
So if he’s collecting benefits, what’s John McCain’s beef with Social Security, anyway?
“Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers in America today. And that’s a disgrace. It’s an absolute disgrace and it’s got to be fixed.” – John McCain
Said APWU State Council President Larry Sorrells in a letter to the Asheville Citizen-Times:
“Does he not understand how this system works? Our parents paid Social Security taxes for elder retirees, and I pay the same for present-day retirees… It may be a “disgrace” to him but it is the only means of support for millions of Americans. Most retirees would be proud to get his benefits.”