2004 – Kennedy Opposed Putting Social Security In Private Accounts: In 2004, the Baton Rouge Advocate reported that “Kennedy opposes putting Social Security dollars into private funds and would like to see the country pay back the money it borrowed from the trust fund, which he said should be taken out of the federal budget...'It's called a trust fund for a reason,' Kennedy said.” (Baton Rouge Advocate, 10/3/04)

• Said Allowing Workers To Invest 2 Percent In Private Accounts Would Cost Between $1 Trillion & $2 Trillion: In October 2004, Kennedy said privatizing Social Security would cost between $1 trillion and $2 trillion. (Shreveport Times, 10/3/04)
  

2008 – Kennedy Supports Social Security Privatization: In July 2008, Kennedy said he supported a controversial White House plan to let people divert part of their Social Security payroll taxes into private accounts -- an idea that failed to gain traction in Congress despite a strong push from President Bush in 2005. (Times-Picayune, 7/8/08)

• Voluntary Personal Accounts Would Reduce Social Security Benefits By Up To 46%: The Center for American Progress reported that under President Bush’s privatization proposal, Social Security recipients would see a reduction in benefits of up to 46 percent. (Center for American Progress, 5/4/05)