Posted on 03/30/2005 8:01:22 AM PST by ceoinva
AARP, more than any other group in America, bears primary responsibility for the developing financial crisis of Social Security. Thats right. This fact surprises some people, but its true.
For four decades AARP has claimed to represent seniors. In its leadership role, this political behemoth ($20 million spent annually on lobbyists) bears responsibility for every major policy action taken on Social Security since the early sixties.
AARP should be excoriated for enabling and creating the financial problems in Social Security for which they now claim to have solutions. Unfortunately, AARPs solutions are the very same bad policies that turned Social Security into a massive ticking debt bomb tax hikes, benefit cuts for millions of future retirees, and continued spending of every cent of the Social Security Trust Fund.
Here's the short list of how AARP specifically put Americas future generations in financial jeopardy...
(Excerpt) Read more at usanext.org ...
I give George Mitchell primary credit. He's the one who pushed thru the massive unfunded benefit increase in 1987 after Reagan increased taxes to buttress the trust fund in 86.
LBJ needed to finance the Viet Nam war and the Social Security trust fund was the answer. By moving it "on budget" in 1966 he made the funds available to all the congress critters to spend as they liked.
So, the 178 active Terri threads weren't enough for ya, huh? Thank you for that insightful post on the looming crisis of Social Security and how the AARP exacerbates the problem. Many younger workers, such as myself, don't want to continue flushing our hard-earned dollars down the government toilet at the behest of the financially most secure segment of our population.
I think there 900 threads about Terri but who is counting..
I think that the blame can be safely laid at the feet of FDR
Who's this "Terri" person you're talking about?
Congress is solely responsible for spending SS payroll taxes on discretionary items. The idea that raising the cap will "save" SS is ridiculous...any excess revenue will allow Congress to continue the big spending party. Private accounts are the only way to prevent Congress from getting their grubby little hands on our money.
Congress is solely responsible for the problems with socialIST security. Congress is solely responsible for the problems with socialIST security. Congress is solely responsible for the problems with socialIST security. Congress is solely responsible for the problems with socialIST security. Congress is solely responsible for the problems with socialIST security. Congress is solely responsible for the problems with socialIST security. Congress is solely responsible for the problems with socialIST security. Congress is solely responsible for the problems with socialIST security. Congress is solely responsible for the problems with socialIST security.
Can't be said often enough.
Apparently you missed Congress passing that legislation that the President flew back to Washington to sign. And no, I don't see the link. If you honestly believe that Congress' solution to the looming Social Security crisis is to 'bump off the old geezers', then you may be past hope. Instead, I think your first post was simply an attempt to continue the hijacking of every thread on FR (All Terri, All the time) with an issue that you feel is more important than Social Security reform, and therefore everyone else should feel the same way.
SAVE SOCIAL SECURITY..SEND A DONATION OF $100 RIGHT AWAY!!!National Associating of Very Afraid Retired Persons
Nope. It was always "On Budget" whether they wanted to call it that or not. The money always disappeared into US Treasury Notes as soon as it was collected. Guess what the US treasury did with the money before 1966?
"Social Security is the cornerstone of retirement security. For many, it is all that stands between years of dignity and poverty."
AARP CEO William Novelli, Feb 3, 2005
"Abandon your responsibilities, live out a few fantasies, and check a bunch of items off your "To Do Before It's Too Late" listall in two weeksin glorious, gorgeous Tahiti"
AARP Magazine, March 30, 2005
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