Day By Day© by Chris Muir.

Tuesday, December 07, 2004

The AARP opposes Social Security reform -- but are they right to do so?

Rich Lowry: "The nation's largest seniors organization has just sent its 36 million members a scorching message opposing private Social Security accounts, raising the prospect of benefit cuts, Wall Street profiteering and mayhem just short of the apocalypse. The blast is prompted by Bush's endorsement of Social Security reform and proposals to allow younger workers to voluntarily divert some of their payroll taxes into a private retirement account. " The above comes from a Rich Lowry article about the AARP's opposition to proposed social security reform. The fact is, though, that social security must be reformed, because it's unable to sustain itself, and that the government has consistently shown itself to be a poor caretaker for people's money. Even if the Bush plan is not the best one (I haven't made up my mind about that yet), the AARP's decision to anchor itself to a dying entity seems excessively shortsighted.