THE NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
~ 4 Million Seniors ~ One Voice ~No Privatization ~

June 27, 2006

NEWS RELEASE

Seniors Mobilize against Privatization
Commission Budget Bill S. 3521 continues the same privatization strategy already rejected by the majority of Americans

“Contrary to what the President and his Congressional allies want us to believe, our record budget deficits were not caused by Social Security. This latest legislation which creates a commission takes taxes off the table and hopes to balance the budget on the backs of seniors, the disabled and poor. The last thing Washington needs is another commission to produce yet another preconceived report with a predetermined outcome”
…Barbara B. Kennelly, President/CEO

The National Committee and its 4.6 million members and supporters are mobilized against Senate Bill S. 3521, the Stop Over Spending Act of 2006 because the Entitlement Commission created by this legislation is clearly designed to privatize Social Security.

Letters to Congress opposing “SOS” legislation have been delivered to Capitol Hill and emails have been sent to thousands of National Committee members nationwide urging a congressional email and phone campaign to remind Washington that the privatization of Social Security is not the answer. Our members want a strong economy unburdened by record deficits; however, the privatization of Social Security does nothing to improve the program's long-term solvency. In fact, private accounts increase our federal deficit by more than a trillion dollars in the first ten years alone.

A copy of the National Committee letter to Congress is attached and also available here.

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.