From John McCain -
Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers in America today. And that's a disgrace. It's an absolute disgrace, and it's got to be fixed.
As anyone who knows anything about Social Security understands, "paying present-day retirees with the taxes paid by young workers" is pretty much the functional definition of Social Security. Always has been. That's what John McCain is calling an "absolute disgrace."

Jared Bernstein, the director of the Living Standards program at the Economic Policy Institute, said in an email that he was shocked by McCain's statement:

That is truly an amazing quote. It's like he's saying, "I just found out that taxes come from people...that's a disgrace." It betrays a really quite scary lack of knowledge about basic government.... I know he's not into this kind of stuff, but ... it would be hard not to know about the intergenerational financing of Social Security. It's the biggest government transfer—1/5 of the damn budget. I guess the quote suggests he knows about the financing, but the way he says it, it sounds like he just found out and is shocked.
Dean Baker, an economist and the co-director of the Center for Economic and Policy Research, also weighed in by email, writing, "McCain's position on Social Security is that it is a disgrace. He said so himself."
Now, before you think, "Wow, that must be a slip of the tongue, he can't possibly mean that," please note that McCain said essentially the same thing to John Roberts on CNN. The current bunch of Republicans want to do away with Social Security.

The choice is up to you.