Cong. Toomey Admits His Social Security Scheme Would Expand the Deficit

[blue neen]

"Toomey runs from his record but struggles to hide truth about plan to privatize system


MEDIA, Pa. - Congressman Toomey, who continues to mislead people about his record, finally admits his plan to privatize Social Security would explode the deficit.


The Pittsburgh Post-Gazette reports that Congressman Toomey admits his plan to put the retirement security of 700,000 Pennsylvanian seniors in the hands of Wall Street would add to the federal deficit.


According to the piece:

"Mr. Toomey has acknowledged that his prescription would in fact worsen the system's funding gap, leading to larger short-term deficits that would have to be financed by borrowing or some other new source of revenue."

In fact, according to the Center on Budget and Policy Priorities, privatizing Social Security would add $4.9 trillion to the federal deficit. While Congressman Toomey has claimed to be a champion against government spending and reducing our national debt, this is not the first time he's advocated for this fiscally irresponsible and risky plan.

On at least 36 occasions Congressman Toomey has spoken in favor of privatizing Social Security. He also devotes an entire chapter to his plan in his book, The Road to Prosperity, a plan he admits "would lead to larger near-term deficits in the Social Security system" and would force new workers to take part in the system.

This is just one example of the extremist agenda Congressman Toomey has tried to hide from Pennsylvanians with misleading statements and ads from out-of-state special interests intent on electing one of Wall Street's own to the U.S. Senate.

Toomey has run a campaign full of deceiving claims, ignoring his own record and expecting that Pennsylvanians won't hold him accountable for what he has said or done."

read more:

http://joesestak.com/Home/Entries/2010/9/21_Congressman_Toomey_Admits_His_Social_Security_Scheme_Would_Expand_the_Deficit.html

[MH1]

1. Important info. Thanks for posting.

:)

[AtomicKitten]

2. Sestak should rub his nose in it every chance he gets. nt

[blue neen]

3. The people of Pennsylvania need to realize how extreme Toomey's views are.

He is not for us.

:dem:

[blue neen]

4. More info from the Club for Growth, of which Pat Toomey was President:

"The primary tactic of the separate Club for Growth PAC is to provide financial support from Club members to viable candidates to Congress who believe in pro-growth policies, limited government, low taxes and economic freedom, both in Republican primaries and general elections."

Club for Growth Policy Goals:

* Reduce income tax rates
* Death tax repeal
* Limited government through limited spending (budget reform)
* Social Security reform with personal retirement accounts
* Expanding trade freedom (free trade)
* End abusive lawsuits through medical malpractice and tort reform
* Replacing the current tax code (flat tax, fair tax)
* School choice
* Regulatory reform and deregulation

http://www.clubforgrowth.org/aboutus/

The Club for Growth has been running ads constantly supporting Toomey. These people are not for middle class Americans...they are for corporations. The Club for Growth is extreme, and so is Pat Toomey.

[Mnemosyne]

5. Scumtorum redeux on steroids. I hate this state. n/t

[catgirl]

6. I hope the voters outside of Pittsburgh are aware of this

This message needs to get to the smaller towns.