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AARP Answers State of Union Again Opposing Private Accounts
They say they are working to strengthen Social Security “not dismantle
it”
Feb. 3, 2005 – AARP has strongly opposed suggestions by President Bush
for the establishment of private investment accounts for those who pay
Social Security taxes. They responded to last night’s State of the Union
address, which focused on Social Security, with a new statement of their
opposition.
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Social Security Mentioned 18
Times in State of Union Speech
President Bush assures seniors
Social Security will not change for them
Feb. 3, 2005 – President George
W. Bush made “Social Security reform” the major topic of his State of
the Union address last night. He said the words “Social Security” 18
times in the speech and addressed senior citizens directly saying, “I
have a message for every American who is 55 or older: Do not let anyone
mislead you; for you, the Social Security system will not change in any
way.” And added, “We must guarantee there is no change for those now
retired or nearing retirement.” Read
more...
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The following is a statement by AARP CEO William D. Novelli in reaction
to the State of the Union Address:
“AARP is pleased that the President has put Social Security high on the
nation's agenda. Social Security needs to be strengthened for our
children and our grandchildren. But the solution shouldn't be worse than
the problem. Private accounts that drain money out of Social Security
will cut its guaranteed benefits, increase the debt and pass the bill on
to future generations. AARP is working to strengthen Social Security,
not dismantle it.
“All Americans, old and young, have a stake in this debate. The
generations are not divided. When it comes to Social Security, America
is a house united. AARP's recent survey shows that people of all incomes
and generations are for strengthening Social Security, not destroying
it. We must honor our obligations. There are sensible and workable
solvency options to explore that may make a real and lasting difference.
“Hundreds of thousands of voters have called Congress since January 1st
to express their opposition to taking money out of Social Security to
pay for private accounts.
“Social Security is the cornerstone of retirement security. For many, it
is all that stands between years of dignity and poverty.
“Social Security was never intended to be the sole source of retirement
income, but this foundation must be strengthened. AARP supports savings
and investment options that are in addition to, not in place of, Social
Security.
“AARP is working to ensure retirement security for all generations. Any
agenda to strengthen our nation for the future must also include strong
Medicare benefits, a viable Medicaid program and opportunities for
meaningful employment. These are family issues that demand Americans of
all ages be engaged. We will work with members of both parties to ensure
that all Americans age with security and dignity.
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