Saturday, August 30, 2008

$1,930 A Month

This is over a month old, but I have not heard this before. Does McCain really need to cash these checks? From McCain’s perspective this is probably just pocket change. After all, he thinks an income of $4,999,999.99 a year is still middle class.

From McCain gets $1,930 a month from 'broken' Social Security system:

Republican presidential candidate John McCain cashes his monthly Social Security checks despite calling the federal program "a disgrace," the Associated Press reports.

"I'm receiving benefits," McCain told campaign reporters, but added, "the system is broken."

In 2007, he received benefits of $23,157 from Social Security, approximately $1,930 a month. The maximum monthly benefit under Social Security is $2,185. Social Security benefits are determined by age at retirement.

McCain, who is 71, has received benefits since he was 65.

Last week, McCain told observers at a town-hall meeting in Portsmouth, Ohio, "Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers ... and that's a disgrace."

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