It is high time someone told the truth about AARP: "The Emperor has no clothes." On Social Security they are completely wrong in their attacks against letting workers own their own accounts. AARP and other critics of President Bush’s Social Security plan for Personal Retirement Accounts argue that individually owned Social Security accounts cannot provide improved retirement benefits and will destroy what they claim is the "safety net." But a retirement program in Texas shows how to improve upon Social Security with Personal Retirement Accounts, and accomplish this while controlling financial risks. A bit of history: Until the 1983 Social...