Yesterday in a fit of eristic “balance”, Michael Scherer attempted a Jedi mind trick by critcizing Barack Obama’s characterization of McCain as social security privatizer while plainly admitting that John McCain supports privatizing social security. Anyway, in case there was any doubt about John McCain’s support of privatizing social security, please read “McCain defends retirement accounts amid stock dive.”
Wall Street turmoil left John McCain scrambling to explain why the fundamentals of the U.S. economy remained strong. It also left him defending his support for privately investing Social Security money in the same markets that had tanked earlier in the week.
Anyway, it’s sort of easy to see why Scherer would be confused when the Republicans themselves try to use the same Jedi mind tricks when describing the program.
“He’s not ever talked about outsourcing Social Security into the private sector,” senior adviser Steve Schmidt told reporters Thursday. “What people talk about with regard to personal accounts is giving the American people an ability to have a greater return on an investment – it could be bond funds, for example.”
Look, I don’t care how you shake it, taking funds out of a public trust and putting them in private investment accounts is privatization. And again, the CBO estimates Social Security will remain solvent through 2049 — this is not a pressing problem.