WEBSTER CITY, IOWA — Sen. Hillary Rodham Clinton, D-N.Y., on Tuesday proposed a new multibillion-dollar retirement plan — billed as a universal 401(k) plan with federal matching funds — to supplement Social Security for middle-class workers. Such “American Retirement Accounts” would cost the Treasury $20 billion to $25 billion a year. Clinton’s plan for universal health care would cost more than $100 billion a year. “I am not proposing anything I don’t have a way to pay for,” she said at a campaign stop in Iowa.
McCain plan would help jobless
DETROIT — Republican presidential candidate John McCain on Tuesday proposed updating the unemployment system and retooling training programs to help people who have lost their jobs — particularly older workers — adapt to a changing economy. In a broad speech to the Detroit Economic Club, the Arizona senator promised to rein in runaway federal spending, simplify the tax code, help U.S. industries become more competitive and control spiraling health care costs.
