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    MoveOn.org refutes claims by the Republican National Committee that their ad about President Bush's Social Security plan containing misleading information. The ad's claim that the plan would cut benefits by up to 46% is directly supported by analysis from the chief actuary of the Social Security Administration. MoveOn.org stands by the ad and intends to continue airing it as scheduled. They argue the president is misleading the public by saying Social Security is bankrupt. The 46% benefit cut figure has been reported by major newspapers and is supported by prominent economists across the political spectrum.

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    MoveOn.org refutes claims by the Republican National Committee that their ad about President Bush's Social Security plan containing misleading information. The ad's claim that the plan would cut benefits by up to 46% is directly supported by analysis from the chief actuary of the Social Security Administration. MoveOn.org stands by the ad and intends to continue airing it as scheduled. They argue the president is misleading the public by saying Social Security is bankrupt. The 46% benefit cut figure has been reported by major newspapers and is supported by prominent economists across the political spectrum.

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    pr020405

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    MoveOn.org refutes claims by the Republican National Committee that their ad about President Bush's Social Security plan containing misleading information. The ad's claim that the plan would cut benefits by up to 46% is directly supported by analysis from the chief actuary of the Social Security Administration. MoveOn.org stands by the ad and intends to continue airing it as scheduled. They argue the president is misleading the public by saying Social Security is bankrupt. The 46% benefit cut figure has been reported by major newspapers and is supported by prominent economists across the political spectrum.

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    FOR IMMEDIATE RELEASE

    CONTACT: Trevor Fitzgibbon, Jessica Smith Fenton Communications


    FRIDAY, FEBRUARY 4, 2005

    MOVEON.ORG REFUTES RNC’S FALSE CLAIMS


    “The President is continuing a campaign of deception”
    Tom Matzzie, Washington Director of Moveon.Org responded today to false charges by RNC Deputy Counsel, Michael Bayes:

    “The President is continuing a campaign of deception. The fact that the President’s plan
    would cut benefits by up to 46% is drawn directly from analysis by the chief actuary at
    the Social Security Administration. (“Estimates of Financial Effects for Three Models
    Developed by the President’s Commission to Strengthen Social Security,” page 75:
    Estimated change in monthly benefit for retiree at 65…row 42 sets 2, 3 and 4). We stand
    by the ad. All stations are airing our ad as scheduled.

    “Ironically, the president is coming after us while he is deceiving the public. The
    president is misleading when he says ‘Social Security is going bankrupt.’

    “Our statement is supported by an ideologically-broad range of prominent economists,


    including Henry Aaron of The Brookings Institution, Dean Baker of the Center for
    Economic and Policy Research and Ross Eisenbrey of the Economic Policy Institute.
    Further, the benefit cut figure has been widely reported in major daily newspapers,
    including The Washington Post and The Wall Street Journal.

    “Instead of threatening TV stations and trying to infringe on the free speech rights of
    MoveOn.org, the administration should come clean and answer the following questions.

    • How big will the benefit cuts be for future retirees?


    • How much new debt will be required for their proposal?
    • How many billions in fees will financial services corporations profit from
    privatization?”

    The following documents support the benefit cut figure:


    Estimates of Financial Effects for Three Models Developed by the President’s Commission to Strengthen
    Social Security,” Analysis by the Chief Actuary, Social Security Administration

    http://www.ssa.gov/OACT/solvency/PresComm_20020131.pdf

    Analysis by the Center on Budget and Policy Priorities


    http://www.cbpp.org/12-17-04socsec.htm

    Statements
    http://www.moveon.org/socialsecurity/fc_response.html

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