Friday, April 29, 2005

AARP Has Its Own Private Accounts

Ironic isn't it. The AARP are so busy disclaiming G.W. Bush, that they failed to notice that they are doing exactly the same thing with peoples funds already, but they are making money off the money also.

AARP Has Its Own Private Accounts:

"While AARP is busy bashing President Bush's plan for personal retirement accounts as unsafe, the organization is raking in millions of dollars from its own private stock and bond accounts."

Pray tell, does the AARP put your money, lo and behold in investment portfolios?

"AARP President Marie Smith declared in a January speech: "Social Security is the only guaranteed, inflation-proof, lifelong benefit that millions of workers, past and present, can count on. We should not be talking about replacing this rock-solid guarantee with a risky gamble."

Surprise, surprise........ it is a risky gamble when done by anyone but them.

"'AARP seems to believe that capitalism is a fine thing as long as they're the only ones practicing it,' said Pete Sepp, vice president of communications for the National Taxpayers Union."

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