Pat Toomey Discusses His Plan to Privatize Social Security in an Interview with Ted Koppel

Harrisburg, PA – Today, Pat Toomey again reiterated his support for Social Security privatization in an interview with Ted Koppel in Hershey.

“Pat Toomey continues to actively campaign on his plan to put seniors’ retirement savings in the hands of Wall Street bankers,” said Mark Nicastre a spokesman with the Pennsylvania Democratic Party. “As a member of Congress, Toomey fought to privatize Social Security and as the President of the Wall Street-backed Club for Growth, Toomey was President George W. Bush’s loudest cheerleader as Bush tried to privatize Social Security. The Toomey-Bush plan will allow reckless Wall Street bankers to gamble with Social Security while making billions in profits. Toomey’s plan is wrong for Pennsylvania’s seniors.”

According to WGAL, Toomey said he believes in overhauling the Social Security by letting younger workers put their Social Security savings in the market. [WGAL, 9/27/10]

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