The privatizers
Republicans for Social Security/Medicare privatization. Top (left to right) Rep. Jeb Hensarling, Rep. Marsha Blackburn, Rep. Paul Ryan; bottom (left to right, interior): Rep. Michelle Bachman, Sen. Kit Bond, Senate candidate Marco Rubio
Watch out, grandma! Emboldened by three statewide wins that had nothing to do with them, Congressional Republicans are finally feeling bold enough to admit what has been true for a very long time: they really, really want to privatize Social Security and Medicare. Right now, there are at least a half dozen prominent Republicans in office, or running for Congress in the top tier, who are on the record as favoring Social Security and/or Medicare privatization on some level. They include:
- [Corrected] Wisconsin Rep. Paul Ryan, whose budget House Republican leaders are ducking and hiding from, without saying they oppose it;
- California Congressman Devin Nunez, an arch-right winger who disvafors the idea of separating church and state, and who introduced the privatization bill with Ryan (click here to see the co-sponsors of the Ryan “roadmap”);
- Texas Congressman Jeb Hensarling, who says cut seniors’ benefits and then privatize Social Security;
- Missouri Senator Kit Bond, who says Medicare should be replaced with vouchers to purchase insurance;
- Fellow Missouri Sen. Roy Blount (who says Medicare should never have been started in the first place;
- Tennessee Congresswoman Marsha Blackburn
- Michelle Bachman, who says Americans must be “weaned off” Social Security and Medicare“
- Pat Toomey, the Republican Senate candidate in Pennsylvania and former president of the pro-privatization Club for Growth, who was still pushing the idea of Social Security “private accounts” in 2007, as the U.S. economy careened toward callapse, taking millions of Americans’ 401Ks (which presumably would be the equivalent of their new, privatized Social Security plans,) with it;
- And in Florida, gubernatorial candidate Bill McCollum, and Senate candidate Marco Rubio, both of whom have been on record as favoring at least partial privatization of one or both programs. (Rubio also has the backing of the Club for Growth.)
- **New addition: Jack Kingston, Republican of Georgia, who wants to take Social Security “off budget” (meaning, privatize it)
UPDATE: TPMDC combs through the Ryan “shadow budget,” and finds what else is in it: deficit-exploding tax cuts for the rich, and the elimination of taxes on corporations. Read it here. BTW, Ryan’s budget also includes a “consumption tax” that’s eerily similar to a sales tax replacement for property taxes that was floated by Marco Rubio when he was Florida’s House speaker…
To Rubio for a moment. The candidate, who so far has gotten little scrutiny from the media, beyond larding up stories about him with tea party mythology, has been officially endorsed by a guy called Grover Norquist. And who is Grover Norquist?
The right has not given up on getting rid of Social Security (and Medicare)
Rep. Michelle Bachman wants Social Security and Medicare to go bye-bye.
In fact, the only thing that has changed in 80 years is that Republicans don’t hide it anymore. During the Bush II years, privatizing Social Security, which would funnel literally trillions of dollars into the open arms of Wall Street investment firms, was floated, and quickly killed, by the president and his allies in Congress. But those who thought the idea was dead have got another thing coming. Read more
Guess who else was for privatizing Social Security?
Hold on to your Social Security card ... McCollum was for privatization.
Inquiring seniors in Florida (and Pennsylvania) should want to know… WITH UPDATES**
Texas Rep. Jeb Hensarling caused a splash when he talked up the idea of privatiing Social Security during an appearance on Hardball this week. But don’t look for the GOP, which is busy pretending to support and defend Medicare, to back him up anytime soon (at least not in public). Still, key parts of the GOP base DO want to rid the country of this meddlesome safety net for old people, and at one time, the Republican President (George W. Bush … remember him???) wanted to do so, too, putting hundreds of millions of Americans’ retirement security in the hands of Wall Street, who would gain blockbuster profits, and presumably, no risk to them, since any major crash in incomes resulting from their bad bets would have triggered a massive bailout. Of course, there would be plenty of risk for you. BTW, you know who else was for turning the federal government into The Gambler? Our very own, super-bland would be governor, Bill McCollu…zzzzzzzz… sorry, McCollum … something his opponent Alex Sink’s campaign manager is only too happy to point out: Read more
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