John McCain: Speech 08/14/08

John McCain
Speech
Aspen, CO 08/14/08

TRANSCRIPT:
WALTER ISAACSON: This is the 73rd anniversary of Social Security... you called the funding mechanism a disgrace recently. How would you change it?

JOHN MCCAIN: ... It's a pay as you go system. [...] As you know, we have the trustees of the Social Security system. And they are the people appointed to give us an evaluation every year of the condition of Social Security... and the trustees have stated repeatedly, and David Walker, who now works for the coalition, who was once head of the government accountability office, I think is the best talking about this. There's gonna come a time, and there's argument about when that year is, but it's not that far away. When there's more money goin out than comin in. And when there's no money left. [...] The situation today is that younger workers who are contributing to the system, the way it was designed, will not receive the same benefits as present day retirees. That's not fair. [...] The approval rating of Congress is at 9%. [...] Congress is at a gridlock on everything [...] One of our earliest memories was 1983, Ronald Reagan and Tip O'Neil, the liberal democrat from Massachusetts,[...] And Ronald Reagan sat down together with the benefit of a Greenspan study. And they said "Okay, we're gonna fix social security." And they walked out in the rose garden, stood next to each other. It may not have been the solution that I wanted, [...] or anyone else, but it was a solution, and we saved Social Security for about 25 or 30 years. It was about to go bankrupt. Now, why can't we do that again? [...] It isn't that complicated. [...] Medicare is complicated, my friends, [...] Social security- there have been study after study after study-

ISAACSON: But shouldn't it be like the energy policy, where everything is on the table, we do a little of everything?




MCCAIN: Yes, and as you know, I am opposed to tax increases [...] I think we can fix this without it. Am I am confident that I can convince the people on the other side of the table that we do not need tax increases.

LABEL: JM CO 08-14 (JR#68) ACKGX - ClipB - LS

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Category:

News & Politics

Tags:

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• john
• McCain
• social
• security
• taxes
• medicare
• Reagan

[Verified1]

Panderbear is utterly clueless. He has little to say but what is fed to him by his handlers, or adapted from casual conversations with other senators over beer & BBQ. His relevance has been gone for well over 10 years.

He'd sad crass old man, trying to regain his lost pride, decades after Viet Nam. A poster child for PTSD. What sort of man would offer up his wife as a contestant in a topless "beauty pageant" for a bunch of drunken bikers? Classy guy.