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  • Truth Squad: Busting Myths on Health Care Reform


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    FOR IMMEDIATE RELEASE:
    February 7, 2005

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

    ~ 4 Million Seniors ~ One Voice ~No Privatization ~

    “Choosing long-range debt and tax preferences over stabilizing the guaranteed Social Security benefits that protects all Americans will make us the ‘owing' society, not ‘ownership.”
    - -  Barbara B. Kennelly, President & CEO

    Reaction to Administration's Budget Proposal from President of
    National Committee to Preserve Social Security and Medicare

    In the proposed 2006-2010 budget submitted today, the Administration continues its campaign of half-truths about Social Security privatization by failing to include nearly $1 trillion in transition costs. To mislead the American people by refusing to provide the short and long-term costs of its plans to cut guaranteed Social Security benefits is disingenuous. Once again, the Administration is manipulating numbers and distorting facts to achieve its goal of dismantling Social Security.   

    The budget proposal also assumes the permanent extension of expiring tax cuts that disproportionately benefit wealthy Americans.  The long-range cost of these cuts is three times greater than the trustees' projected 75-year shortfall for Social Security. Choosing long-range debt and tax preferences over stabilizing the guaranteed Social Security benefits that protects all Americans will make us the “owing” society, not “ownership”. 

    I urge the President to abandon his plans to dismantle Social Security through the diversion of Social Security funds to private accounts.

    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.