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Black Chamber of Commerce, Cato Host Conference on African-Americans and Social Security

October 29, 2001

The National Black Chamber of Commerce and the Cato Institute are teaming up to co-sponsor a conference on “African-Americans and Social Security,” February 12, 2002. The one-day conference will examine issues such as: whether the current Social Security system is fair to African-Americans; How to increase savings and investment in the African-American community; and whether Social Security should be privatized. Invited speakers include Robert Johnson, founder of Black Entertainment Television and a Member of President Bush’s Commission to Strengthen Social Security, Ohio Secretary of State Ken Blackwell, and Jesse Jackson.

More details will be announced as they become available.

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  Nearly two-thirds of those under 30 years old don't think Social Security will be able to pay them any benefit when they stop working. Fifty-seven percent of people 30 to 49 years old agree.
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"These days, the eyes of Cato officials are gleaming at the prospect that privatizing Social Security, a project on which the 24-year-old think tank has worked for years, may be coming to fruition. If privatizers can overcome a few problems that worry their own supporters, it could be a bold new future, with Cato ideas leading the way."

- Hartford Courant
Feb. 26, 2001