ID-Sen. Risch supports Social Security privatization
In the aftermath of the financial meltdown we've been experiencing the past few weeks, I've been watching to see if any politician was crazy enough to still support privatization of Social Security. Enter Idaho's Republican Lt. Governor Jim Risch, who is running for U.S. Senate against Democrat Larry LaRocco.
In response to questions from the Gem State Voter's Guide, Risch said he supports the option of at least partially privatized Social Security for young people.
After all of the fraud and waste on Wall Street that caused the economy to tank, Jim Risch wants to hand over the hard earned money of young people (most of whom don't really have a whole lot of money yet) to speculators and corporate fat cats.
But it doesn't stop there. In response to an AARP query of the candidates as to whether or not they support or oppose diverting Social Security payroll taxes to fund individual retirement accounts, leaving his options open, Risch said he needed to know the specifics of the plan to divert the funds.
Presumably, what that means is that Jim Risch wants to know which of his corporate patrons would benefit from such legislation before casting a vote for it.
Larry LaRocco, on the other hand, is unequivocally opposed to privatization.
In response to questions from the Gem State Voter's Guide, Risch said he supports the option of at least partially privatized Social Security for young people.
After all of the fraud and waste on Wall Street that caused the economy to tank, Jim Risch wants to hand over the hard earned money of young people (most of whom don't really have a whole lot of money yet) to speculators and corporate fat cats.
But it doesn't stop there. In response to an AARP query of the candidates as to whether or not they support or oppose diverting Social Security payroll taxes to fund individual retirement accounts, leaving his options open, Risch said he needed to know the specifics of the plan to divert the funds.
Presumably, what that means is that Jim Risch wants to know which of his corporate patrons would benefit from such legislation before casting a vote for it.
Larry LaRocco, on the other hand, is unequivocally opposed to privatization.
Social Security has proved to be one of our nation's most successful programs ever established. Social Security has lifted millions of elderly and disabled Americans out of poverty. My mentor and former boss, Senator Frank Church, chaired the Senate Committee on Aging, where he worked to support and expand Social Security benefits. As Senator, I will work hard to follow his example to guarantee benefits for future generations. I will also oppose privatization plans that would divert Social Security taxes to private accounts. I will work to enact a long-term plan to protect Social Security.Retirement funds and investments have taken a huge hit in the past couple of weeks, and there is a lot of pain being shared by the middle class and those of lesser means. Given that Jim Risch didn't learn anything from George W. Bush's failed attempts to privatize Social Security, and still wants to give your money away there's only one question all Idahoans need to ask themselves: Can you afford to have Jim Risch as your Senator?
# Posted by Ken Camp : 6:38 AM
Comments:
We will not have to worry about future financial crisis if we get dem's under control in Congress. They need to take the roll of oversight seriously and stop taking money from banks, Fannie Mae, etc. Guys like Frank and Dodd and Obama. If they stop playing fast withour money - things will be ok. And we can earn money on our social security savings. Would you please pass this message on to these guys in congress. Thank you.
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