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    Social Security 75 Years: Keeping the Promise


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    THE NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
    ~ Celebrating 25 Years of Advocacy for Older Americans ~

    September 17, 2008

    NEWS RELEASE

    You Can't Have it Both Ways

    National Seniors Advocate Urges Senator McCain to Clarify his Social Security Privatization Position  

    "We will come back from this crisis, but right now we are the victims of greed, excess and corruption on Wall Street" and "It's a very tough crisis and we are the victims of the violation of the social contract between capitalism and the American citizen"...Senator John McCain, CNN , September 16, 2008

    Our current financial market crises has led Presidential candidate Senator John McCain to decry the excesses of Wall Street; however, he continues to support plans to turn Social Security money over to the same Wall Street financiers he now criticizes. The National Committee's millions of members and supporters ask:  Why should Social Security beneficiaries gamble their guaranteed benefit on a system the Senator himself says is corrupt?

    "If Senator John McCain believes the American people are the victims of 'greed, excess, and corruption on Wall Street' how can he continue to justify his support for a plan which would send billions of Social Security dollars to Wall Street through private accounts?  Social Security privatization would put retirees' guaranteed benefits in the hands of the very same people Senator McCain chastises today. Investing on Wall Street has always been and continues to be a gamble, which is why the American people rejected Social Security private accounts years ago.  Yet privatization remains a part of the GOP platform and Senator McCain's Social Security strategy.   Senator McCain can't have it both ways.  We deserve a straight answer on how Senator McCain will protect America 's true social contract, which exists between generations of working families who've contribute to and depend on Social Security, without destroying that contract through privatization".   ...Barbara B. Kennelly, President/CEO

    Media Inquiries to:
    Pamela Causey 202-216-8378/202-236-2123
    Kim Wright 202-216-8414
    www.ncpssm.org

     

    The National Committee is a nonprofit, nonpartisan organization that 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.