The AARP has basically signed its own death warrant. If they join with the Democrats in bankrupting social security, they won't have much of following.
Don't say DEAD and AARP in the same sentence. I think their lawyers sue for that. (snerk-snerk))
"Just give me mine", say the greedy geezers. "Who cares about anyone after me."
Great investment.
The AARP is fighting this for only one reason: If people can actually put their retirment money into something with a better return than SS, they will retire comfortably at the worst and rich at best. That would leave an entire nation of well-to-do seniors that will no longer have a use for the AARP.
they should grow up
The AARP had been proven to be a cash cow for a group of liberals. Oreilly exposed them three weeks ago. When most senior members realize this, AARP will fade away.
"Dead Set Against"
Try Rigamortissed to protect their cash cow.
The AARP is completely right on this one. They better not budge one single solitary inch.
I spoke with an AARP phone solicitor last week, recently turned 50, and he was completely briefed on the party line. My parents use them strictly for the travel discounts, but there has to be an altenative. Could we form a Freeper group to counter-balance them. I know that well over 70% of persons aged 50-65 are conservatives, there would be a huge groundswell of support for an alternative.
Not becasue they care about the plan or whether it may benefit their own constituents, but only because they are against republicans/conservatives.
If any of you are members of AARP, now is the time to resign!
Vote with your dollars and don't support this radical leftist group!
Where can I find the Bush plan in writing? I'd like to review the substance, since apparently the AARP already has....
AARP/Socialist Security = Economic Cannibals.
I did some temp work at the AARP's K Street headquarters in Washington D.C. back around 1989. Even back then, 15 years ago, I didn't see one single person there over the age of 40. I've worked in a whole lot of places, and I don't think I ever worked anywhere where the average age was -younger- than it was at AARP. Rumor had it that there was indeed a little old lady doing needlepoint up on the top floor whose face got plastered all over every piece of mail going out the door.
Qwinn
If they be agin it, I'll be fer it.
Is this, or is this not, a polite way to say that taxpayers will have to pay more in taxes?
All the rest are on some form of public sector funding, which offers a clue as to why the organization is both liberal, and dishonest -- which do NOY represent the 35 million people (including me) who are its members.
Congressman Billybob
The AARP is on the wrong side of this fight. They either do not understand, or remain willfully ignorant of, the subject at hand.
At the present time, the only effect of diverting part of Social Security funds from going directly to the US Treasury and putting them into an individual investment account, would be a decrease in cash flow to the US Treasury. The money does not disappear. It is simply not available to the Federal government to be spent on non-Social Security purposes. There is not, and never was, a trust fund. Current wage-earners are transferring part of their annual wages for the support of recipients of Social Security, and the remainder is simply being spent as a part of current receipts. There are IOUs on record at the US Treasury, but these IOUs are not interest-bearing, and have no reclamation date.
There is a continuing fear, dating back to the days of the Great Depression, that investments in financial instruments lead to sure ruin, and a total loss of funds. This is assuming that ALL investments are bad, and that the unsophisticated investor shall be making all decisions on the direction of the money. Not so on either count. Over extended periods, the direction of economic change is ALWAYS upward. Individual corporations may fall into bankruptcy, or suffer financial reverses, but the long-term is that the economy will recover, and the losses of one period will be recovered and erased over time. The decisions of the individual participant in this plan is limited as to which mutual fund may be emphasized in the personal portfolio, but a knowledgeable money manager makes the day-to-day decisions, much as the investments under control of AARP.
It is strictly a "top down" organization. The highly paid leaders speak and the members have to listen. It is a total one-way street.
They're just an insurance company. Like the Farm Bureau, they think they're something more, but they're not.
Of course. The selfish bastards don't give a rats ass about the future as long as they get theirs without having to cut back on winter vacations and greens fees. Oh yeah, give em free meds as well. Disgusting.
Why would a left-wing organization that makes a living by collecting money from SS beneficiaries to lobby our gov't to raise benefits and increase their share of gov't goodies accept a change in SS that allows the beneficiaries to keep a portion of their own money to invest on their own? That would be cutting their own throat and they are hardly suicidal.
BTTT