McCain Camp: Obama Will Tank Social Security

Newsmax.com –

As Barack Obama waxed on about the economy before 35,000 cheering fans in Indianapolis, Ind., Thursday, John McCain surrogates were on the phone with reporters warning direly that Obama’s tax plan will help torpedo Social Security by giving Americans credit for their payroll tax liability.

Former U.S. Sen. Dan Coats and Doug Holtz-Eakin, the senior policy adviser for the McCain-Palin camp, said during a telephone news conference that Obama’s plan to relieve Americans of payroll taxes would “rob Social Security indirectly,” because payroll taxes finance Social Security, as well as Medicare..............