Economy

McCain Offers Top Social Security ‘Privatization’ Advocate As Surrogate

CREDIT:

Our guest blogger is Robert Gordon, Senior Fellow at the Center for American Progress Action Fund.

Today, the McCain campaign is putting forward economist Martin Feldstein as a surrogate.

Feldstein is widely acknowledged as the “chief intellectual force behind privatization” of Social Security. That’s Feldstein’s own term. He wrote “The Case for Privatization” and “Privatizing Social Security: The Ten Trillion Dollar Opportunity.”

McCain personally endorsed Bush’s privatization plans as recently as March, but yesterday, he said “there is nothing I would demand” in a Social Security package and even said that tax increases are not “off the table.”

“Social Security privatization may be another example of the McCain campaign’s private agenda — the agenda the campaign keeps to itself.