Durbin And McConnell Debate Social Security

MTP featured both today discussing Social Security. [media id=13015] McConnell could not address the solvency problem . RUSSERT: What does private

MTP featured both today discussing Social Security.

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McConnell could not address the solvency problem .

RUSSERT: What does private personal accounts do to fix the solvency problem? I don't understand that.

McCONNELL: What personal accounts are is an extraordinarily good investment....

RUSSERT: But how does that help the solvency problem?

McCONNELL: But why not discuss it?...

RUSSERT: But when the president says Social Security is going to go bankrupt and we have a problem with solvency and the solution is private accounts, people don't understand that connection. Private accounts don't seem to deal with the solvency problem alone. And the White House acknowledges that.

McCONNELL: What we want to do is make Social Security better for the next generation, in addition to saving it...

Durbin:.. The privatization proposal of the president is going to destroy Social Security as we know it. And let me tell you why. It doesn't strengthen Social Security. It weakens it. It doesn't address the solvency problem...

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RUSSERT: So you're suggesting that private personal accounts are a secret plan to get rid of Social Security?

DURBIN: Look what it does. It takes money out of the Social Security Trust Fund, $2 to $5 trillion, to be gambled in the stock market. There are winners and losers.

McConnell then chimmed in with this little nugget:

McConnel: Can we ever quit campaigning?

He should ask President Bush to do the same thing: here and here

full transcript


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