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New Organization Launches Social Security Education Campaign

September 9, 2002

While opponents of individual accounts have been active for months, supporters of Social Security are becoming more active. A new organization, the Coalition for the Modernization and Protection of Social Security (COMPASS), has wasted no time in joining the debate, launching a campaign "to educate Americans on the need to modernize Social Security." Formed by the Business Roundtable, the Alliance for Worker Retirement Security, and the Financial Services Roundtable and extending to 20 states, COMPASS "hopes to spread the word through public events, informational mailings, and print and television advertising."

COMPASS isn't the only organization moving on this issue:

  • The Council for Government reform has released radio ads promoting personal retirement accounts.


  • The 60 Plus Association has awarded Rep. John Thune (R-SD) the Guardian of Seniors' Rights Award for his commitment to preserving and modernizing Social Security.

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"Thursday's staff report 'does a terrific job of setting out both the stick and the carrot: the stick in the form of the financial crisis and the carrot in the form of a better Social Security system,' said Michael Tanner, director of the Social Security Privatization Project at the Cato Institute, a libertarian think tank that has strongly influenced the Bush administration's work in this area."

- Los Angeles Times
July 202001