Straight Talk About The Real John McCain: Retirement

AN IMPORTANT MESSAGE FROM THE MASSACHUSETTS AFL-CIO

Straight Talk About The Real John McCain: Retirement

John McCain Would Gamble With Our Retirement

Retirement In His Own Words: "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."

Sound like someone who understands and values working families?

Senator McCain strongly supported President Bush's efforts to privatize Social Security, a move that would cut guaranteed benefits, further threaten the program's solvency, jepoardize retirement income and jeopardize benefits for people with disabilities.

Senator McCain Voted for Risky Private Investments. In 1998, Senator McCain voted twice to replace Social Security's guaranteed benefits with risky private investments. (S.C.R. 86, Vote 56, 4/1/98; S.C.R. 86, Vote 77, 4/1/98)

Senator McCain Made Privatizing Social Security a Centerpiece of his first Presidental Campaign in 2000. During his 2000 presdiential bid, a plan to divert a portion of Social Security payroll taxes to fund private accounts was a centerpiece of John McCain's campaign. (Wall Street Journal, 3/3/08.)

Senator McCain Again Made Privatizing Social Security a Top Priority of his Presidential Campaign in 2008. Senator McCain has made it clear that if elected president he intends to bring back President Bush's privatization plan that turns Social Security into a gamble rather than a guarantee: "I'm totally in favor of personal savings accounts... along the lines that President Bush proposed." (Wall Street Journal, 3/3/08.)

Senator McCain Does Not Value Promises Made to Retirees. This year, Senator McCain's chief economic aide said he had not ruled out raising the retirement age to 68 and reducing cost-of-living adjustments. "You can't keep promises made to retirees," said aide Douglas Holtz-Eakin, referring to future benefits. (Wall Street Journal, 3/3/08.)

Senator McCain's Former Top Aide Supports Buy-Outs of Pension Plans. BusinessWeek has reported that the same John McCain insiders who brought us the mortgage mess, now want to buy and run troubled corporate pension plans; the move would turn pensions into for-profit enterprises putting current and future retirees at great risk. (Business Week, 8/5/08.)

With a record like this ask yourself:
DOES SENATOR McCAIN SHARE
WORKERS' PRIORITIES?

Vote on November 4, 2008 for a U.S. President Who Shares Workers' Priorities.

For more information, visit www.massaflcio.org/mcsame-bush-bad-working-families or visit www.mccainrevealed.org.