Hagan decries Dole stand on Social Security

[susanbanks44]

Democratic Senate candidate Kay Hagan criticized Republican Sen. Elizabeth Dole's support for privatizing Social Security, saying the current market crisis would have placed the program in jeopardy.

"I'm absolutely opposed to privatization," Hagan said Wednesday at a news conference at state Democratic headquarters. "Elizabeth Dole campaigned on privatization of Social Security in 2002. George Bush took her on the road with him in 2005 to show that you can campaign for privatization of Social Security and actually win."

Hagan raised the issue at a time when the stock market has been in free fall and people are worried about their retirement savings. There are 1.6 million Social Security recipients in North Carolina, a powerful voting bloc.

"Where would we be in the last two weeks if Social Security had been privatized?" said Jerry Cooper, executive director of the N.C. Assisted Living Association, who appeared with Hagan.

MorE:

http://www.newsobserver.com/politics/story/1240114.html

[Jack from Charlotte]

1. Hagan should not use the tern... Privatize. She should refer to Doles program as....

"putting our SS money in the Stock market or letting Wall Street invest our SS money."

80% of American doesn't know what privatize means.