http://www.boston.com/news/globe/editorial_opinion/letters/articles/2003/12/12/why_aarp_supported_medicare_bill/Why AARP supported Medicare bill
12/12/2003
IN RESPONSE to "AARP backing of drug bill takes toll on reputation" by Stephen Glain (Page A1, Dec. 8), AARP supported the Medicare prescription drug legislation for one reason alone: <snip>
While Glain's article is fraught with misinformation about our support for this legislation, we take particular exception to his statement regarding Social Security. AARP is opposed to any efforts to use Social Security funds to establish individual accounts. Older Americans count on Social Security's rock-solid, guaranteed benefits, and we will continue the fight to build, strengthen, and protect those benefits.
We strongly encourage people to save money for retirement and have nothing against individual accounts so long as they are in addition to Social Security, not carved out from it. Today, one out of three older Americans relies on Social Security as his or her only source of income, and carving out a portion of it for private accounts could be devastating.<snip>
WILLIAM D. NOVELLI
Chief executive officer
AARP
Washington