Mitch McConnell wants to "reform" Social Security.....

[lib2DaBone]

How come when McConnell says "reform", I see Social Security disappearing? McConnell is on C-SPAN Re-Run... says Baby Boomers who paid into the program all their lives are not entitled to large chunks of SS and Medicare.

Oh.. I see Mr. Mitch, I guess our money would be much better in the hands of you and your Republican cronies on Wall Street, rather than wasted on people who need food, shelter and medical care.

(snip)http://www.bigmoneymitch.com/node/11

A close look at McConnell's campaign finance data reveals why McConnell may be so energetic in pushing to privatize the retirement savings of Kentucky's workforce. Private accounts would have to be managed by investment professionals, and securities and investment interests have given McConnell $1,494,712 throughout his political career. <4> In the 2008 cycle alone, they have given him $644,786, twice as much as he received in 2006 ($311,438) and almost three times as much as in 2002 ($239,811) – his last election year, when contributions generally peak. If McConnell and others succeed in privatizing Social Security, this will have been a very lucrative investment – for McConnell's donors, not his constituents.

[Gidney N Cloyd]

1. It will never end with these assholes.

[CaliforniaPeggy]

2. Oh, he does, does he?

Why am I not surprised?

Good grief.

They just don't get it...

They don't give a damn about the rest of us.

Fuck him.

:nuke: :grr: :nuke: :grr: :nuke:

[Hawkeye-X]

5. He had his shot for 12 years to 'reform' ANYTHING.

I see a massive EPIC fail on his part.

so I say this to you, Mr. McConnell..... FOAD!

Hawkeye-X

[napi21]

3. Poor Mitch must not have been paying attention when his Ex Boss tried to push this idea.

As I recall, it wasn't very well received!

[Triana]

4. another bought & paid for stinking politician. n/t

[newfie11]

6. Mitch Mcconnell needs to stay the hell out of Social Security

If the repugs had their way it would be completely destroyed by now!

[DJ13]

7. Republicans see a large pool of money like an obese person sees candy

They cant help themselves, its something in their genes that makes them think they have a right to take whatever they want.

[MichiganVote]

8. "Reform" among Republicans means..."let me take your money for nothing".

[SammyWinstonJack]

9. Stop raiding it! I read somewhere that every Administration since Reagan has raided SS trust fund.

:grr: Where is that 'lockbox' when we need it?

[Hannah Bell]

19. By the terms of the original Social Security legislation, all excess monies

SS collects MUST be borrowed by the Treasury in exchange for US securities.

No one raided the money; they did exactly what the legislation prescribes.

Gore was disingenuous in his "lock-box" talk.

The government isn't a private household, it's the guarantor of the entire economic system; it can't squirrel away money into a safety deposit box earning x% interest except by doing exactly what it does: borrowing surplus, spending it, & issuing securities for later redemption.

The problem is the Reagan-era legislation that raised SS tax rates too far above the rate needed to finance retirees. Every year from 1983 on the excess revenue from SS tax collections increased, meaning more $$ from SS borrowed into the general budget, meaning more IOUs in the trust fund.

Then 30 years later with 2.3 trillion in outstanding SS securities, the jackals can say, "oh, gee, it's so much, impossible to repay!"


The original sin was the initial excess taxation above need.

[MADem]

10. Good thing they didn't privatize it, eh? Al Gore and his lockbox--he was right. NT

[SammyWinstonJack]

14. !

:thumbsup:

[L0oniX]

11. For fucks sake ...I hate that sorry excuse for a piece of shit asscarrot.

[ColbertWatcher]

12. Still? WTF is wrong with the GOPers? n/t

[Metta]

13. Ah, any way to hurt regular Americans is okay with them. Happy karma.

:hi:

[ColbertWatcher]

15. I have a solution: any politician calling for the "reform" (read: GOP reform) of SocSec ...

... forfeits his pension.

[backscatter712]

16. I keep thinking of a snipped from a speech Obama made during the campaign.

"If Senator McCain is elected, we'll have another president who wants to privatize part of your Social Security. Could you imagine if you had your Social Security invested in the stock market these last two weeks, these last two months? You wouldn't need Social Security. You'd be having a -- like, what was it, Sanford and Son. `I'm coming Weezie!"

(yes, poor Obama got Sanford's wife mixed up with Weezie from the Jeffersons. :P)

[oldnslo]

17. Keep "Mitch, Georgie's Bitch" the Hell away from SS.

He is poison, evil, carrion, arghhhh! He would starve us all.

[Joe the Liberal]

18. Anything a Republican is for I'm against.........

In this day and age supporting anything a Republican supports is wrong.

[whistle]

20. Mitch McConnell should be reformed out of the senate

[stillcool]

21. didn't he just get re-elected?