AARP Reacts to President BushÕs Convention Remarks on Social Security
Source: AARP Press Center | September 3, 2004
Social Security should be strengthened for the future so it can continue to play its important role in Americans' retirement. Changes to the current system are needed so that Americans can always depend on it.
Private accounts are not the answer. AARP opposes creating private retirement accounts by diverting funds from Social Security. Shifting money from Social Security into private accounts jeopardizes the secure benefit people know today.
According to some estimates, the government would have to borrow over $2 trillion in the next ten years to fund these carve-out proposals, creating a huge increase in U.S. debt.
AARP will fight to protect and strengthen Social Security. While Social Security needs modest changes, the secure benefit it provides should not be put at risk.
AARP is a nonprofit, nonpartisan membership organization dedicated to making life better for people age 50 and older. We provide information and resources; engage in legislative, regulatory, and legal advocacy; assist members in serving their communities; and offer a wide range of unique benefits, special products, and services for our members. These include AARP The Magazine, published bimonthly; AARP Bulletin, our monthly newspaper; AARP Segunda Juventud, our quarterly newspaper in Spanish; NRTA Live & Learn, our quarterly newsletter for 50+ educators; and our Web site, www.aarp.org. We have staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
