Vulnerable Incumbent Worried About Strength of Jim Barksdale’s Outsider Candidacy
ATLANTA - With polls continuing to show Georgia’s U.S. Senate race is in single digits, it’s no surprise that Republicans and the political establishment are scrambling in order to address the strength of Jim Barksdale’s outsider candidacy. This week,the NRSC attacked Jim and other top U.S. Senate Democratic candidates in a nationwide effort to keep their slim electoral chances alive.
This week also marked 81 years since the Social Security Act was signed into law, and we couldn’t help but ask, “WHERE’S JOHNNY?” In Washington, he’s advocated raising the retirement age to 69, supported the privatization of Social Security, and received over $2.3 million from Wall Street and the financial industry who would profit from privatization to bankroll his campaigns.
With Senator Isakson’s record of putting the special interests ahead of Georgia seniors, it’s no wonder why Isakson is worried about his electoral vulnerability.
ISAKSON ADVOCATED RASING THE RETIREMENT AGE TO 69
Senator Isakson supported raising the Social Security retirement age to 69, which would significantly cut benefits for all retirees, heavily impacts income inequality and overall, and undercuts the purpose of Social Security. Isakson has proven that he stands for Wall Street at the expense of our seniors and future generations.” [Think Progress, 1/24/11]
ISAKSON FOUGHT TO PRIVATIZE SOCIAL SECURITY
In his very first speech on the Senate floor, Isakson argued forcefully for privatizing Social Security as part of a plan the Center on Budget and Policy Priorities said “could lead to the unraveling of Social Security” and would result in a situation in which “millions of middle-income workers would receive little or no Social Security benefits in retirement.” [Isakson Press Release, 2/3/05; CBPP, 5/2/05]
Yet Isakson said this was a debate “we should embrace” and a plan that “we should encourage.” [Isakson Press Release, 2/3/05]
ISAKSON VOTED AGAINST EXPANDING SOCIAL SECURITY
Senator Isakson has voted against expanding Social Security benefits, which would increase benefits for seniors and help future generations feel more secure about their retirement. Georgia’s seniors cannot afford to have Social Security weakened, privatized, or gambled away by politicians like Johnny Isakson. We need a senator that will put Georgians ahead of their special interest bank rollers. [Vote 131, 3/27/15]
ISAKSON RECEIVED OVER $2.3 MILLION FROM WALL STREET AND THE FINANCIAL INDUSTRY WHICH WOULD PROFIT FROM PRIVITATIZATION
If Senator Johnny Isakson had his way, Georgians would see their Social Security benefits gambled on the stock market while Wall Street would make billions in fees paid by seniors. While seniors would be hurt, Wall Street would be a big winner. The financial industry would have been set to receive as much as $39 billion in fees, much of which would come out of the pocket of seniors who would have to pay Wall Street to manage their retirement accounts. Isakson has been rewarded with over $2.3 million in campaign contributions from Wall Street and the financial industry to keep him in Washington, including nearly $500,000 this current election. [Los Angeles Times, 1/18/05]
Georgia needs a Senator who will stand apart from the crowd and not hurt the retirement security of our seniors.