Adam Dubitsky makes a good point about the AARP’s extreme stance on Social Security:
News reports have pegged AARP’s initial advertising blitz at $5 million; one could also assume that a forest’s worth of trees will be felled in the accompanying direct mail campaign. Before AARP members make up their minds about President Bush’s proposed private account option, they may want to peruse another AARP document: its consolidated financial statement.
n 1998, AARP began the transition from its defined benefit pension plan (such plans are crippling many of the nation’s airlines, steel mills and factories) and began offering its younger workers the option of diverting a portion of their paychecks into private accounts. The full transition will take decades, as older AARP retirees and their spouses continue to receive benefits promised under the old system.
Its time for AARP to live up to its credo and stop opposing the very system of private accounts that has served its members and employees so well.
Read it all. Powerful.