Why Democrats May End Up on the Wrong Side of the Social Security Privatization War

By Lori Wallach and Todd Tucker, AlterNet
Posted on July 31, 2007, Printed on July 31, 2007
http://www.alternet.org/story/58089/

"Congress rejected Social Security privatization in 2005 and should reject it again in 2007 -- whether it's for Americans, Peruvians or Canadians. The promise of a secure retirement shouldn't stop at America's borders."

This was the reaction of William McNary, a leading Social Security activist, after finding out that some Democrats are supporting a Bush NAFTA expansion for Peru that would give Citibank, a major Democratic donor, the right to sue the country if it reverses its failed Social Security privatization.