It's Still the Economy
Working family economics ignored by Republicans
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Social Security
Most Republican candidates don't say the word “privatizing” when it comes to Social Security, but President Bush still wants to privatize it by opening it up for investments by individuals.
“It is foolish and it is wrong to put Americans' money of last resort into risky investments,” Sen. Paul Wellstone, D-Minn., has been saying while on the campaign trail.
Wellstone, who addressed delegates at the 2002 UAW Constitutional Convention, notes that NASDAQ has lost nearly 70 percent of its value since Bush proposed privatization two years ago. Add to that the effects of corporate accounting scandals and ordinary working people would have lost even more of their retirement nest eggs.
Rick Carne, who is running for Ohio's 3rd Congressional District in Dayton, also believes the family economy works better this way. He has signed an online pledge not to privatize Social Security. So has Kevin Kelley, a democrat running for Congress in Michigan's 11th District in Redford. “Keep the security in Social Security,” he says. To see if a candidate has signed the pledge, go to www.signthepledge.org.
