Isakson voted against expanding Social Security but would gamble seniors’ Social Security benefits on the stock market while pocketing millions of dollars from special interest groups.
ATLANTA - This week marked 81 years since the Social Security Act was signed into law, and today the program is crucial to providing retirement security to over 1.1 million Georgia seniors and over 42 million seniors nationwide. Yet Johnny 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 who voted to privatize the program while pocketing $2.3 million from the same financial industry that would benefit from it,” said Dave Hoffman, Jim Barksdale’s Campaign Manager. “We need a senator that will put Georgians ahead of their special interest bank rollers.”
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.”
Yet Isakson said this was a debate “we should embrace” and a plan that “we should encourage.”
While seniors would be hurt if Isakson had his way, 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.
With multiple public polls showing that Barksdale is within single digits, will Senator Isakson tell Georgians why he continues to vote against OUR SENIORS?