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    FOR IMMEDIATE RELEASE:
    October 13, 2004

    "The President’s promise of ownership is empty and will only guarantee a dismantling of Social Security...ownership through privatization equals “loner-ship” for our nation when we are each forced to become a risk-pool of one." - - Barbara B. Kennelly

    CONTACT:
     Pamela Causey 202-216-8378/202-236-2123
    Ouida Williams 202-216-8405

    REACTION TO THE FINAL PRESIDENTIAL DEBATE FROM FORMER CONGRESSWOMAN AND SENIOR'S ADVOCATE BARBARA KENNELLY

    Three debates have occurred and three weeks are left before the election, yet Americans are still not hearing the central details on how the President plans to privatize Social Security. The President’s promise of “ownership” is empty and will only guarantee a dismantling of Social Security, the one federal program that insures retirees and their dependents against unpredictable financial hardships.

    Privatization is a gift to Wall Street but a bad investment for America’s workers and retirees who need the guaranteed benefit that only the shared risk-pool of Social Security can provide. “Ownership” through privatization equals “loner-ship” for our nation when we are each forced to become a risk-pool of one.

    The dismal failure of the recently passed Medicare law illustrates the dangers and pitfalls of privatization.

    The 3.2 million members and supporters of the National Committee to Preserve Social Security and Medicare will continue to oppose all attempts to dismantle Social Security through privatization.
    The National Committee, a nonprofit, nonpartisan organization acts in the interests of its membership through advocacy, education, services, grassroots efforts and the leadership of the Board of Directors and professional staff. The work of the National Committee is directed toward developing better-informed citizens and voters.