McCain Versus Obama on Social Security: Obama Needs a Fundraiser, McCain Missing in Action

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McCain’s Plan

We thought that John would take a strong stand on Social Security, but we went to John McCain’s website, and we couldn’t even find Social Security under his list of issues.  Perhaps it is buried in there somewhere, but we honestly could not find it, and we tried.

We do not extract positions from other sites because we believe that it should be the candidate that states his or her policy.  McCain didn’t.  We were shocked.

We did find this on his staging site, so we expect it will be added shortly to the central site.

Reform Social Security: John McCain will fight to save the future of Social Security and believes that we may meet our obligations to the retirees of today and the future without raising taxes. John McCain supports supplementing the current Social Security system with personal accounts — but not as a substitute for addressing benefit promises that cannot be kept.

John McCain will reach across the aisle, but if the Democrats do not act, he will. No problem is in more need of honesty than the looming financial challenges of entitlement programs. Americans have the right to know the truth and John McCain will not leave office without fixing the problems that threatens our future prosperity and power.

Promises made to previous and current generations have placed the United States on an unsustainable budget pathway. Unchecked, Social Security, Medicaid and Medicare obligations will grow as large as the entire federal budget is now in just a few decades. Without comprehensive bipartisan reform to America’s entitlement programs, the nation will be unable to meet the challenges of providing vital medical and social security assistance to future generations.

Senator McCain, we have no idea how you will address the problems.  Private accounts?  OK, that is similar to Obama’s plan to allow direct payroll contributions from work to an IRA.  But how will they be structured?  Where will the money come from?  What will be the incentive to use and create these private accounts?  How are they any different from what we already have with respect to IRAs, 401Ks and the like?

Your comments with respect to bipartisanship are nice, and your statement of the problem real.  You just fail to draw up any clear plan to address it.

Both candidates have failed miserably on this issue.  Obama defers it to his successor by taxing folks a decade from now.  McCain addresses it by babbling about the problem without providing any solution.  Both are major cop outs!

Round Seven, Draw

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