DNC - Dean: John McCain Wants to Privatize Social Security

Washington, DC - During a town hall meeting in New Hampshire yesterday, John McCain told the voters, "I am not for privatizing Social Security. I never have been. I never will be."  But as a new video released by the Democratic National Committee shows, Senator McCain clearly does support privatizing Social Security. In 2004, Senator McCain said "without privatization, I don't see how you can possibly, over time, make sure that young Americans are able to receive Social Security benefits."  In 2005 Senator McCain hit the road with President Bush to help promote the President's failed effort to promote private accounts. In fact, as recently as March 2008, McCain told the Wall Street Journal he still supports President Bush's plan and is "totally in favor of personal savings accounts." 

DNC Chairman Howard Dean today issued the following statement:

"John McCain should realize that the American people know a bad idea when they see one.  Despite the rhetoric, the facts don't lie.  Senator McCain not only supports privatizing Social Security, he was part of the Bush propaganda machine that tried to sell it to the American people.  The American people cannot afford another Republican president who will put the retirement security of millions of hard working families at risk.  Telling the voters he opposes privatizing Social Security when he clearly supports it is not the 'straight talk' Senator McCain promised the American people.  Senator McCain is ill-suited to be President if he thinks the American people won't notice when he says something in 2008 that is the exact opposite of what he said in 2004 and 2005."

See Senator McCain's Social Security distortion here: http://www.youtube.com/watch?v=FyBwMy27Aoc

2004: McCain Says Privatization Only Way to Go Forward. Responding to a question of whether "privatizing Social Security be a priority for you going forward?"  McCain answered, "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]

2005: McCain Campaigned for Bush Social Security Plan. "McCain has been especially supportive of his onetime rival, appearing with Bush at three events over the past two days in trying to prod Democrats into negotiations to include private accounts in a plan to revamp Social Security." [Washington Post, 3/23/05]

2008: McCain "Totally In Favor" of Bush Privatization Plan. Earlier this year, McCain said "As part of Social Security reform, I believe that private savings accounts are a part of it - along the lines of what President Bush proposed." He pointed out that  I campaigned in support of President Bush's proposal and I campaigned with him, and I did town hall meetings with him." [Wall Street Journal, 3/3/08]

###