Seniors Celebrate 77th Birthday of Social Security, Shed Light on Romney-Ryan Plans to Cut It

August 14, 2012

Higher Retirement Age and Privatization Plans Threaten Future Birthdays

For Immediate Release

August 14, 2012

The following statement was issued today by Edward F. Coyle, Executive Director of the Alliance for Retired Americans:

“On Tuesday, August 14, Social Security celebrates its 77th birthday. This week, retirees across the country celebrate the program that they can rely on for modest benefits when they need them most. Before Social Security, seniors worked until the day they died, because they could never afford to retire. The program is more important than ever with the decline of defined-benefit pensions, the plummeting value of 401k plans, and scanty savings.

“How ironic that just as seniors celebrate Social Security’s birthday, Mitt Romney has named in Paul Ryan a running mate who wants to decimate the program.

“Romney and Ryan aim to cut Social Security dramatically even though it is self-funded and has not added one dime to the deficit. Rep. Ryan has wanted to privatize it since at least 2005. The Ryan-Romney plan would raise the retirement age and turn Social Security over to Wall Street, where it would be subjected to the whims of the stock market.

“While the Romney-Ryan team is a match made in heaven for billionaires, big banks and insurance companies, it could spell disaster for most seniors. In response to these political threats, the Alliance’s campaign will include birthday celebrations in local communities, educational briefings at senior centers, and protests outside offices of lawmakers who have voted against the needs of local retirees.”

For more information, please call 202/637-5275 or visit: http://www.retiredamericans.org/issues/Lets_not_be_the_Last_Generation_to_Retire.

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Contact: David Blank (202) 637-5275 or dblank@retiredamericans.org


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