AARP 'dead set against' Bush's Social Security plan

[papau]

I like the current AARP Social Security goals -lifting income taxes on retirement benefits that are now taxed for individuals earning more than $34,000 a year and couples earning above $44,000, and investing a portion of Social Security's reserves, such as 15%, in stock market index funds so as to boost revenue for the program with minimal risk to the fund and no risk to individuals.

Just as long as they stop carve out private accounts that destroy Social Security.

http://www.usatoday.com/news/washington/2005-01-24-aarp-ss_x.htm

AARP 'dead set against' Bush's Social Security plan
By William M. Welch, USA TODAY

WASHINGTON — The nation's largest seniors' lobby will oppose any proposal that takes tax money out of Social Security to create private investment accounts for today's workers, the head of AARP said Monday. That puts the group on a collision course with President Bush and Republicans in Congress.

AARP has already unleashed an advertising campaign against Bush's expected proposal. The comments by William Novelli appear to slam the door on overtures from GOP congressional leaders, who hoped the seniors' group might support a compromise plan that includes private accounts. Just last week, Rep. Jim McCrery, R-La., chairman of a House subcommittee on Social Security, said he wants to include AARP in talks when his panel begins work on legislation.

Novelli, AARP's chief executive officer, also disagreed with Bush's assertion that Social Security faces a crisis. He said the president's idea for private accounts carries huge costs and "is not necessary" to make the program's finances sound over the long term.

"We are dead set against carving private accounts out of Social Security taxes," he said. "We can fix Social Security without dismantling it, which is what private accounts carved out of Social Security do."<snip>

[aden_nak]

1. They'd better be on the ball on this one.

Or they're going to get the same shaft they got when he gutted Medicare.

[Coastie for Truth]

2. "ADD ON" NOT "CARVE OUT"

The Progressive reply to the Bush Piratization funded by a "Carve Out" of FICA (which will convert Social Security to Social INSecurity) appears to be a Private Account "Add On" with a refundable tax credit coming out of general revenues NOT the Social Security Trust Fund

[papau]

4. Amen - addon is the way! :-)

:-)

[Rowdyboy]

3. Its about time they stood for something after caving to Bush

on prescription drugs.