The Conservative Cave
Current Events => Politics => Topic started by: Chris_ on August 15, 2010, 12:33:30 AM
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You can tell when an election is around the corner because some Democrat (in this case, Obama) will ratchet up the Social Security fearmongering. It's as predictable as sunshine.
Obama pledges to defend Social Security
On the 75th anniversary of the signing of the Social Security law, President Obama pledged Saturday to protect it from some Republicans who he said want to privatize the retirement account system and "place bets with Social Security on Wall Street."
"That agenda is wrong for seniors, it's wrong for America, and I won't let it happen," Obama said of some GOP ideas to turn the system over to the private marketplace. "Not while I'm president."
Obama said he was concerned that some Republicans would like to see Social Security turned over to private hands to keep it solvent and help the fund grow, especially as more baby boomers begin cashing in. But the president warned that the markets are fickle and that the Social Security fund could be at risk during lean times such as in the current economic crisis.
"I'll fight with everything I've got to stop those who would gamble your Social Security on Wall Street," he said. "Because you shouldn't be worried that a sudden downturn in the stock market will put all you've worked so hard for — all you've earned — at risk.
Los Angeles Times (http://www.latimes.com/news/nationworld/world/la-na-obama-social-security-20100815,0,7635554.story)
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And yet it is his commission that is talking about radical changes to Social Security, Medicare and other tax policies affecting us all.
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Please don't let any facts get in the way of the liberal spin.....
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I wonder if Obama plans on using a lock box.