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TPMtv: McCain's Social Security Bamboozle



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Video Description:
Your Daily Politics Video Blog: One of the most entertaining things about the 2008 campaign has been watching John McCain embrace all of President Bush's policies and word game flimflams. And there's no better example than Social Security where McCain has not only adopted President Bush's proposal to phase out Social Security and replace it with private investment accounts he's even adopted Bush's word game bamboozlement to try to trick voters into thinking he doesn't support the policy he actually does support. Those of us who are about to talk straight, Salute You!


Tags for this video: bamboozle blog bush games john mccain NextNewNetworks politics privatization security social video word

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Thank you for ... ( 4 months ago by ChuckD6809)
Thank you for demonstrating that racism is alive and well in the USA. Now fuck off and climb back under your rock from whence you came, loser.
iberals r saying ... ( 4 months ago by zippo9878)
iberals r saying shit over and over
Well would you ... ( 4 months ago by robinsbk)
Well would you rather social security money be just a promise or would you rather it actually be in an account with your name on it. Would you rather it be invested in nothing or be invested in things that might actually increase your payout? Social security is not a welfare program, but rather a forced savings program so people don't end up broke when they are at retirement age.
When the government is 10 trillion in debt, I'd rather have something more than an IOU.
Amen.. ( 3 months ago by skynet000001)
Amen..
Was anyone shocked ... ( 3 months ago by brandonsutton)
Was anyone shocked by his comment about fixing Social Security being easy in last night's debate? My jaw was on the floor! Easy - are you kidding? All we need to do is get Democrats and Republicans to sit down together in a room and presto - it's fixed? That was the lamest answer I have seen him give yet to any question, and I'd love to see the media call him out on it. And by the way, how on earth does he plan to fix it while reducing taxes across the board? Clearly, this is bogus.
If people were ... ( 2 months ago by TELEVISIONARCHIVES)
If people were allowed to just take the amount of money that goes into Social Security, and put it into an index stock fund-- which is the simplest sort of investment, that is, it doesn't require any brains at all to do that-- a person who's retiring today would be getting (without taking one cent of taxes from anybody else) in the neighborhood of about eight thousand dollars a month.
I thought the same ... ( 2 months ago by AkimboJoe)
I thought the same thing when I heard it in the second debate.
This assumes of ... ( 2 months ago by AkimboJoe)
This assumes of course, that the stock market remains predictable, the people investing the money are incorruptible by personal greed, and that the investors continue to always make the right choices. Also, can you link the math for this statement? I'm not doubting, I just wanna see it cause that's a pretty interesting revelation and I wanna see how it's deduced.
Do you know that ... ( 2 months ago by nesnman)
Do you know that Senators and Congress have a pension that is invested in the stock market?
I'd rather control ... ( 2 months ago by mkebrewcrew)
I'd rather control my own investment in my future retirement. I can take responsibility for my own future. I'd like to make my participation in social security optional because right now all I'm doing is paying into a giant welfare program which the government then borrows against with no intention to repay. Rather than reporting on petty democrat vs republican, he-said, she-said garbage, why don't you report on the true problems with social security and viable solutions?
its liberals not " ... ( 2 months ago by ruffzspree)
its liberals not "iberals" and im damn proud to be a liberal, i love it! I wouldnt want to be known as a conservative thats another word for shithead and a loser, its been going around and the name is sticking... just like shit. So congrats on being shit... shithead
To tell you all the ... ( 2 months ago by briggs9187)
To tell you all the truth, when I hear that I will not have a social security check when I retire does piss me off so much, after I have paid so much into it since I was 16, 12 years so far and nothing for me when I am 66 or 67? Give me my money now, and I will take care of me for the future, I can add to my 401K, put it in a long term savings, what ever!!! the point is that if I have nothing when I retire, it will be because of me not because the government lost my money.
You do realize that ... ( 2 months ago by HieiYYH2)
You do realize that by investing in the stock market you are taking a HUGE risk especially now with economic uncertainty. Even IF the market was stable, sure that money you invest now, down the road would be a lot of money. But you have to understand the market, potential stocks may not be there 40 to 50 years from now. When you do decide to take money out of your stock IF it is worth anything,it will be highly taxed depending on how much you take out. So don't be fooled by the republicans.
With the ... ( 2 months ago by HieiYYH2)
With the instability in the market right now. Yes, I am 23 and I follow the market Mad Money is my favorite show. I wouldn't trust placing my hard earned money in the market at the moment. To tell you the truth, I don't think either party can fix Social Security, the Baby Boomer Generation will pretty much tap it, leaving the X and Y generation with little to No Social Security and then my generation and generations after mine, will be left out cold. We don't need to fix, we need a NEW plan.
that is exactly my ... ( 2 months ago by briggs9187)
that is exactly my point, if I know now that in 40 to 50 years there will be no money for the my generation then why keep going with this flawed SS system, I would not invest in the market with what I know now, but there is the certainty that a long term savings would do even better and taxes would be only on the interest since the rest has already been taxed, in the end, my money, my decission. Why my money, their decission, then me no money?...lol...simple
You look at the ... ( 2 months ago by nesnman)
You look at the market short term. Don't invest in it then. By the way . I purchased stock starting in 1986 including shares of Microsoft. Would you like to know what it's up to now?
I am talking about ... ( 2 months ago by briggs9187)
I am talking about the lamest and the market, for the average person the market just looks bad, for people that knows how deal with it and come up on top then it is their perogative to take care of their future that way, but for JOE SIXPACK that only cares about something when their time comes then a simple savings account does just fine.
Well, Good luck ... ( 2 months ago by nesnman)
Well, Good luck with Social Security. My Broker purchased Microsoft Stock for me in 1986. . He invested $10,000 in Microsoft stock in 1986 and in 1999 it was worth around 2.7 million.
mccain is a liar ( 2 months ago by skkeet3678)
mccain is a liar
That is great that ... ( 2 months ago by HieiYYH2)
That is great that your investments have worked out for you, but like you state in another post in 1999 when the Technology Stocks were at their highest was 2.7 million. But what about now after the 9/11 stock crash and the current economic crisis. If you were take out your money (which i don't think you want to at this point) how much taxes would you have to pay on it.
The stock market ... ( 2 months ago by TELEVISIONARCHIVES)
The stock market works for everyone. It's long term. If you don't understand that then you shouldn't be invested. I am and I have also done very well. Obama is the reason the market has tanked.
I do understand ... ( 2 months ago by HieiYYH2)
I do understand that the Market is long term. I just don't see myself investing at this time, considering the uncertainty of which businesses may or may not exist at the end of this economic crisis. How in the name of all that is holy or unholy can one man be the entire reason that the market has tanked. Your statement that Obama is the reason the market has tanked, is unwarranted and without proof and dare I say Retarded. So please fornicate yourself with a rusty pipe
Do you know anyone ... ( 2 months ago by VIDEOTIMEMACHINE)
Do you know anyone that work on Wall St? I do. They do blame Obama for the market downfall. Many investors are selling off before the tax increases.
nesnman, you asked ... ( 2 months ago by Crickett2814)
nesnman, you asked us if we wanted to know what its worth now and then you told us.....
what it was worth in 1999...... when tech stocks were at their peak. As for blaming Obama, Videotime, if you know anyone on wall street who is taking massive losses selling at a time when prices are falling through the floor because there are no buyers just to avoid paying an additional 3% of taxes...... they probably need to find a new line of work.



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