WASHINGTON, Dec. 30 (UPI) -- AARP, the big lobby for older U.S. residents, plans to spend $5 million on a two-week ad campaign against a White House plan to privatize Social Security.
"This is our signature issue," said Christine M. Donohoo, chief communications officer for AARP, which represents 36 million Americans 50 and older. "We will do what it takes."
The full-page newspaper ads will begin appearing next week in 50 papers around the nation, warning that private Social Security accounts would be nothing but "Social Insecurity," the New York Times reported Thursday.
"There are places in your retirement planning for risk," the advertisements say, "but Social Security isn't one of them."
AARP strongly supports new incentives for people to save for retirement, but says such savings should supplement the existing system.
