Some things never change.
Democrats still demagogue when it comes to the issue of Social Security -- even when it comes from the party's presidential 'change' candidate from Chicago, Sen. Barack Obama.
The
Chicago Tribune's John McCormick reports that the Chicago Democrat is practicing the same scare tactics the Dems have engaged in for at least 30 years.
The Tribune's McCormick quotes Sen. Obama, who was giving a speech before a Florida audience Saturday:
"... if my opponent had his way, the millions of Floridians who rely on it would've had their Social Security tied up in the stock market this week. How do you think that would have made folks feel?"
Of course, people who advocate the 'privatization' of Social Security, do not propose that
retirees have their money in the stock market. By the time people retire, they would have their retirement money in income-producing investments like bonds, annuities, and short-term cash securities.
Someone might want to explain that to the Ivy League-educated Chicago Democrat.
McCormick continues:
During a campaign stop on a university campus here, Obama said millions would have watched as the "market tumbled" and their "nest egg disappeared" before their eyes.
"Millions of families would've been scrambling to figure out how to give their mothers and their fathers, their grandmothers and grandfathers, the secure retirement that every American deserves," he said.
We can be sure that scores of reporters in the mainstream media will point out this blatant misrepresentation of the truth by the Chicago Democrat.
Just as soon as they also report that the average SS recipient receives just over $1,100 per month. Or that roughly 20%-25% of SS recipients receive SS as their sole source of income. Or that 40%-45% of SS recipients have it account for at least half their income.
But don't hold your breath while you wait...