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Lately just about every month I find myself writing a check to the National Committee to Preserve Social Security and Medicare. As a recipient of both, I feel it’s a cause worth supporting, especially now, and since Barbara Kennelly, its President and CEO, tells me in her newsletter that the “P” word for Privatization has reared its ugly head again. Bad ideas never seem to go away.
As Barbara writes, “Yes, another Social Security privatization plan much like the one we battled—and defeated—under the Bush Administration is making a comeback.” She adds, “And just like 2005, soaring federal debt is fueling this dangerous idea that proponents claim is essential to our nation’s economic security. But this time we’re under siege of a full-blown debt crisis…and the pressure is on like never before.”