{{#badges:FTD}}For more than 70 years, '''U.S. Social Security''' has guaranteed a level of economic security for retired workers. Despite Social Security’s popularity and effectiveness, it came under attack under President George W. Bush, who made privatization of Social Security a priority for his second term.<ref>Jim Vandehei, [http://www.washingtonpost.com/wp-dyn/articles/A39791-2004Dec31.html/ A Big Push on Social Security], ''Washington Post'', December 31, 2004.</ref> The attack on Social Security has re-emerged as deficit scolds see the financial crisis as an opportunity to weaken the program by proposing deep cuts in benefits and raising the retirement age.
Cutting Social Security, [[Medicare]], and [[Medicaid]] -- which is advocated under the more benign-sounding phrase of "Entitlement Reform" -- is a core policy platform of the Campaign to "Fix the Debt."<ref>[Ned Resnikoff, [http://tv.msnbc.com/2013/01/10/meet-the-high-priests-of-austerity-politics-fix-the-debt/ Meet the high priests of austerity politics: ‘Fix the Debt],' ''MSNBC'', January 10, 2013.</ref> The [[Portal:Fix the Debt|Campaign to Fix the Debt]] is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire [[Pete Peterson]] to slash earned benefit programs such as [[Social Security]] and [[Medicare]] under the guise of fixing the nation's "debt problem." Fix the Debt co-founders [[Erskine Bowles]] and [[Alan Simpson]] included deep cuts to Social Security in their report after the [[Simpson-Bowles Commission|National Commission on Fiscal Responsibility and Reform]] failed to agree on a plan. Fix the Debt financier [[Pete Peterson]] has invested in multiple efforts to suggest that Social Security is a fiscal calamity that could "threaten American values and traditions."<ref>Columbia University Teachers College, [http://understandingfiscalresponsibility.org/about/ Understanding Fiscal Responsibility: About], university program website, accessed February 2013.</ref>