Our nation's debt is literally indenturing our children to our international debt holders, but most Americans don't care because they are more concerned about the latest saga involving Snooki on Jersey Shore rather than what really matters, our country’s future.

Tuesday, June 21, 2011

AARP says some Social Security cuts could be acceptable - The Hill's Healthwatch

How bad is the entitlement situation if AARP is now doing a 180 with regards to its policy about Social Security. Sounds like someone showed them the books and said you can either compromise or the whole system will default, its your choice either way.

AARP insisted Friday it has not changed its position on Social Security, but acknowledged it could back some benefits cuts for future seniors to preserve the program.

In a statement, the nation’s largest lobbying group for seniors said it could only do so as part of a balanced deal to ensure Social Security’s solvency. 

It also said any changes, such as increasing the age at which one is eligible for Social Security, would have to be phased in slowly and should not affect current beneficiaries.
“It has long been AARP’s policy that Social Security should be strengthened to provide adequate benefits and that it is sufficiently financed to ensure solvency with a stable trust fund for the next 75 years,” AARP CEO A. Barry Rand said. “It has also been a long held position that any changes would be phased in slowly, over time, and would not affect any current or near term beneficiaries.” 

The group released the statement after a report in The Wall Street Journal that said the AARP board had approved a new policy of backing benefit cuts. AARP decried the report as inaccurate, but also said it could agree to changes in the program.

AARP says some Social Security cuts could be acceptable - The Hill's Healthwatch

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