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Why Not Privatize?
Social Security is a promise, kept from generation to generation, guaranteeing dignity and independence.
- Social Security is the closest thing our government has to a sacred trust.
- For 70 years Social Security has reliably provided retirement security, life insurance coverage and disability coverage to all Americans.
There is no Social Security crisis.
- Social Security has enough funds to pay full benefits for the next 40 years.
- Privatization will result in drastically cutting benefits for everyone under age 55.
- Risky private accounts will result in millions of Americans losing money; instead of a guaranteed benefit, it’s a guaranteed gamble.
- And privatization means adding to the federal deficit by borrowing trillions of dollars to replace the trillions diverted to insurance companies and Wall Street to create personal private accounts.
We should strengthen this public program – not break our promise by privatizing Social Security.
Oppose any Social Security plan that:
- Cuts guaranteed benefits;
- Weakens the system by diverting money from the Social Security trust fund to pay for private accounts; or
- Increases the federal deficit to pay for private accounts.
Faces and Voices of Social Security Campaign
FACT SHEETS
Privatization: Fact Vs Fiction
Is the McCrery-Shaw Bill Privatization?
REPORTS
Institute for America’s Future: Rural Communities Rely on Social Security Income Nearly TWICE as Much as Non-Rural Communities
The Center for Budget and Policy Priorities: Why the President’s Social Security proposals could ultimately lead to the unraveling of Social Security
Institute for America's Future: Privatization = $152,000 Cut in Social Security Checks for Typical Iowan
RESOURCES
Americans United to Protect Social Security
Midwest Academy: The Bush Plan Weakens Social Security
IN THE NEWS
09/30/05, Waterloo Cedar Falls Courier: Public hearing highlights poverty, budget spending
09/29/05, Mason City Globe Gazette: Guest View: Finding Budget 'High Ground'
09/29/05, Cedar Rapids Gazette: Advocates hope to avoid program cuts
09/27/05, Quad City Times: Putting a face on budget plight
09/20/05, Des Moines Register: Hearings planned on cuts to social programs
08/20/05, Waterloo Cedar Falls Courier: Labor group joins protest of Social Security proposal
08/04/05, Washington Evening Journal: Washington stop on Social Security roadshow
07/26/05, Clear Lake Reporter: Social Security Town Hall Discussion to Take Place in Clear Lake
07/06/2005, The Hawk Eye: Group aiming to take stand against Social Security privatization
PRESS RELEASES
02/09/06 - Iowans Call on Nussle to Reject Social Security Cuts and Privatization
8/19/05 - Iowans Celebrate 70 Years of Social Security
8/12/05 - Who Is Ducking? Congressman Jim Nussle on Social Security Privatization
8/3/05 - Rural Iowans to Discuss Effects of Proposed Changes to Social Security