"McCain denies his record of supporting Social Security privatization."
During his town hall event in New Hampshire yesterday, Sen. John McCain (R-AZ) got into a verbal back and forth with a voter over his support for Social Security privatization. McCain told the man, “I’m not for, quote, privatizing Social Security. I never have been. I never will be.” Watch it:
But McCain’s record begs to differ:
- “Without privatization, I don’t see how you can possibly, over time, make sure that young Americans are able to receive Social Security benefits.” [C-Span Road to the White House, 11/18/2004]
- “As part of Social Security reform, I believe that private savings accounts are a part of it — along the lines that President Bush proposed.” [Wall Street Journal, 3/3/2008]
Not only was McCain “a big booster” of Bush’s 2005 plan to privatize Social Security, but one of his top economic advisers, Carly Fiorina, recently told conservative radio host Bill Bennett that McCain “supports private accounts as one of the ways to reform the system” and that “he will continue to be supportive of those.”