Wednesday, October 1, 2008

Seniors and Retirees

  • John McCain voted with George Bush to privatize Social Security, which would have potentially risked the future of our Social Security program that each working American pays into, on Wall Street.
  • If Social Security had been privatized as John McCain voted to do, along with the Bush Administration in 2004, Social Security could have potentially lost 25% of its value in our current crisis. (Opinion: Privatization of Social Security would have put seniors at great financial risk.)
  • Obama's economic plan calls for all Seniors making less than $50,000 to be removed from the tax base, therefore you will pay no taxes.

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