The AARP is a nonprofit, nonpartisan membership organization for people age 50 and over dedicated to enhancing quality of life for all as we age. It has approximately 38 million members. According to the AARP:
Social Security was created more than 75 years ago to ensure that seniors would have a steady and guaranteed source of income when they retired. In all those years, it has never missed paying Americans the benefits they’ve earned. Today Social Security can pay full benefits for approximately 20 more years. After that, Social Security will still be able to pay about 75 percent of promised benefits, even if no changes are made. With responsible solutions, we can keep the promise to today’s seniors and strengthen Social Security of future generations.
The AARP says it is fighting to take the conversation about Social Security out of the budget debate in Washington so we can find responsible solutions that keep the promise to today’s seniors and future generations.
There are several rival senior organizations vying for our support. Let’s see what they say.
AMAC — AMAC says it is the senior organization for conservative Americans aged 50 plus.
Social Security is in trouble and the American people have been misled. The fact is that Social Security is not secure until 2036, and Social Security (as we know it) will not be there for our children.
AMAC’s solution: raise the retirement age, cap cost of living increases.
American Seniors Association — American Seniors Association claims to be the fastest growing seniors’ advocacy in the nation and an emerging conservative voice on the national issues that impact seniors. Their view:
America’s workers and rising seniors must be given the ability to build retirement security through incentivized, voluntary, self-funded retirement accounts that provide Americans with choices, flexibility and security.
Generation America — Generation America seeks to “give conservative Americans (Republican, Libertarian, Tea Party and other like-minded individuals) a membership organization that gives them peace of mind through advocacy in Washington, along with superior member benefits that contribute to member safety, security and well-being.”
We believe Social Security needs to live up to its promise that it made to older Americans who have paid into the system; they also need cost of living increases. At the same time, we know that Social Security is approaching insolvency and will not be able to live up to its future commitments. It needs to be reformed for future generations and it needs to be reformed now.
60 Plus — 60 Plus claims to be a “non-partisan seniors advocacy group with a free enterprise, less government, less taxes approach to seniors issues.” 60 Plus asserts that President Obama
performed shenanigans with the payroll tax that has depleted the Social Security Trust fund, and has abjectly refused to do anything about the looming crisis with entitlements that will lead to Medicare and Social Security going bust. Because of the policies of this President, there are very few seniors not named Warren Buffett who can say they are better off now than they were four years ago.
In his first term, Rep. Reed was recognized by 60 Plus for his efforts to “save Social Security.” In Big Flats on June 8 Tom said the SS disability fund is projected to run out of money in 2016, Social Security and Medicare are unsustainable, and the only possible solution is to cut benefits for future retirees. But he would grandfather those over 55 today. He said “age indexing” isn’t enough, other savings are needed.
Tom’s argument begs the question: he says Social Security will soon run out of money after which it will be defunct. The only way to save it is to cut benefits: if seniors want to keep their benefits, they must agree to short change their children and grandchildren. So what is the one thing we must do to save Social Security? All together now: Cut benefits.
As the AARP asserts, Social Security is vital to Seniors well being. It should be preserved and strengthened, not cut. There are many practical ways this can be done.
Delaying retirement isn’t a good answer. Too many seniors working longer than they wish prevents younger workers from finding jobs. Further, working past 65 may be an option for some, but not all. Workers with jobs that require strength and stamina may not be able to do that.
Cutting benefits isn’t a good answer either. Social Security is intended to provide income for a dignified retirement. Especially for low income workers, benefits are too low today to achieve that goal. Cutting the rate of growth is wrong for the same reason: after a time benefits will become too low to meet the need.