Skip to comments.AARP Sees ĎA Better Way To Approach (Social Security) Benefit Changesí
Posted on 09/06/2011 9:31:25 AM PDT by Slyscribe
Its not every day, one can safely assume, that AARPs chief policy guru John Rother offers supportive words about a specific approach for cutting Social Security benefits.
So it was to my great surprise that I received an email from Rother recently with relative praise for a new approach to Social Security reform called Old-Age Risk-Sharing that has flown under the radar of policymakers.
(Excerpt) Read more at blogs.investors.com ...
The AARP is to senior citizens what Colin Powell is to Republicans: a whiny, self-serving snake-in-the-grass who will sell out the very people they claim to represent in a heartbeat as long as it feathers their own nest and lines their own pockets.
I'm not sure how I feel about this benefit reduction plan. It appears one way or the other we are going to get stuck paying for old people that didn't save for retirement. Even when SS implodes the government will come out with a means tested welfare for seasoned citizens. I don't expect to get social security and don't figure it in with my retirement calculations. I expect social security to hit crisis just before I get there and to look at my social security payments as a retroactive tax hike. I would prefer not to lose my social security and in addition pay some huge federal increase to bail out a bunch of people that didn't save.
Why would anyone be surprised? AARP has been working against the real interests of retired people for the past 30 or 40 years.
AARP is in the Insurance business.
Senior citizens have to be delusional or out of their minds to give AARP a dime!
This seems a little flaky to me. It appears that they are just trying to get people to retire later by scaling back the early retirement portion of SS.
Why can’t SS operate on a cash flow basis, that is, any year that benefits are greater than taxes, the SS retirement ages (early and normal) shift back two months?
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