Why Isn't this News?
John McCain:
"Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers in America today. And that's a disgrace. It's an absolute disgrace, and it's got to be fixed." [Transcript available from Congressional Quarterly]
What I don't understand is why reporters don't ask: If Senator McCain doesn't want payroll taxes to fund Social Security (as has long been the case), then how does he propose to pay for it?
Some have argued that payroll taxes should be scuttled and retirement funded from a carbon tax. Other plans abound. But what is John McCain proposing?




