NEVADA SENIORS TO PROTEST JOHN MCCAIN’S PLAN TO PRIVATIZE SOCIAL SECURITY

Henderson, NV – When Senator John McCain arrives in Henderson tomorrow evening, the Nevada Alliance for Retired Americans will be on hand to protest his support for Social Security privatization and urge him to keep his “hands off our Social Security.”

In an interview appearing in the March 3 edition on The Wall Street Journal, McCain said, “As part of Social Security reform, I believe that private savings accounts are a part of it -- along the lines that President Bush proposed.”

The proposal Senator McCain now favors is the same Bush privatization plan rejected by the American people in 2005 for jeopardizing the economic security of current and future retirees and ravaging guaranteed benefits for seniors and the disabled.

“Social Security benefits would be thrown to the whims of the stock market under the Bush-McCain scheme,” said Scott Watts, President of the Nevada Alliance for Retired Americans. “We get all the risk while Wall Street gets all the reward.”

The Nevada Alliance for Retired Americans is a non-profit, non-partisan organization representing approximately 16,000 retirees and senior citizens in 17 affiliated chapters throughout Nevada. It is a state affiliate of the Alliance for Retired Americans, a national grassroots organization representing 3.5 million retirees.