The American Association of Retired People is the biggest obstacle to President Bush’s plan to modernize Social Security to include individual savings accounts for younger workers. The Wall Street Journal recently wrote that the AARP is “dead set against” Social Security reform. AARP has already launched a $5 million plan to scare older Americans into believing that the President’s proposal is dangerous and will steal Social Security benefits from current retirees. But this is a misleading argument at best. President Bush has explicitly stated that he will not cut benefits for current retirees. Current beneficiaries have nothing to worry about...
