Tuesday, October 07, 2008

McCain To Gut Effective Programs

The McCain campaign has slipped up and told the truth.

According to an article in the 10/6/08 edition of The Wall Street Journal, Douglas Holtz-Eakin, McCain's senior policy advisor, has admitted that the tax credits for the wealthy promised by the Repub nominee will be paid for partially by cuts in Medicare and Medicaid, programs which aid persons who are old, disabled, or poor. John McCain also wants to cut Social Security, as indicated by what he told CNN on July 8, 2008:

I want young workers to be able to, if they choose, to take part of their own money which is their taxes and put it in an account which has their name on it. Now, that's a voluntary thing, it's for younger people, it would not affect any present-day retirees or the system as necessary. So let's describe it for what it is. They pay their taxes and right now their taxes are going to pay the retirement of present-day retirees. That's why it's broken, that's why we can fix it.

McCain wants to private partially Social Security because he opposes the concept of the program. He asserted at a town hall meeting in Portsmouth, Ohio in July

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.

It appears a President McCain would work to weaken Medicare and Social Security. And why would he want to undermine two very successful government programs? I think that's the answer.

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