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Alan Simpson Attacks AARP, Says SS Is 'Not A Retirement Program video

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sasha031 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 04:27 PM
Original message
Alan Simpson Attacks AARP, Says SS Is 'Not A Retirement Program video

Alan Simpson’s cold relationship with AARP is no secret, but the former Republican Senator from Wyoming took it to a new level Friday. At an event hosted by the Investment Company Institute, Simpson delighted the finance industry audience members by aiming a rude gesture at the leading lobby for senior citizens.

Financial and investment interests have long been supportive of Simpson’s broad critique of Social Security, since privatizing the old-age and disability support program would be a tremendous boon for Wall Street’s financial managers. ICI represents mutual funds and other money managers who control more than $13 trillion in assets.

Simpson’s forceful gesture came after an extended diatribe against Social Security, which he said is a "Ponzi" scheme, "not a retirement program.” Simpson argued that Social Security was originally intended more as a welfare program.
http://www.huffingtonpost.com/2011/05/06/alan-simpson-aarp-social-security-retirement-program_n_858738.html
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Overseas Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 04:29 PM
Response to Original message
1. K&R to highlight how out of touch Simpson is. Millionaires are paying the lowest taxes in decades
and he wants to attack the poor !!

Disgusting!

Resign Now !
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rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 04:33 PM
Response to Reply #1
2. Gives you insight into the thinking of the uber wealthy as well as...
many of the wannabes. They absolve themselves of any responsibility by denigrating everyone else as welfare bums.
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Overseas Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-10-11 04:59 PM
Response to Reply #2
17. Wish someone would put a large contingent of children in poverty in front of him
and let him talk about how unnecessary those "entitlements" are.

The USA is the cruelest wealthy country. So mean to our children, cutting programs that help them and their hardworking parents.

But somehow we've had our news managed to such an extent that the number of children living in poverty doesn't reach the public.

The number of uninsured and those bankrupted by medical bills should have been enough to push Medicare for All through. And might have been with a strong Democratic push right after the Bush Crash-- responding to the bankers' bailout with a people's long overdue human right to a nonprofit healthcare system, free and open to all. Could have started by adding children to Medicare.

We were ALREADY SUPER-CRUEL before the current crop of Ryan Republicans came along to squeeze us further.

How revolting that they can complain about welfare bums without batting an eyelash about their being cruel enough to slash funds that will sentence thousands to homelessness?

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socialist_n_TN Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 04:33 PM
Response to Original message
3. And this is the guy Obama picked to CO-CHAIR
the deficit committee? What a worthless piece of shit.
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DURHAM D Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 05:46 PM
Response to Reply #3
10. Amen. nt
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RKP5637 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 05:53 PM
Response to Reply #3
12. Scary pick! Often I wonder WTF Obama was thinking. n/t
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riderinthestorm Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 05:58 PM
Response to Reply #12
13. I think it's obvious what Obama was thinking: he needed cover for making big changes to SS.
So he made it "bi-partisan" and appointed two guys who have been passionate advocates of changing, reforming, deforming SS. He knew who he was appointing, and probably had a fair idea of what their result was going to be.
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KG Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 06:00 PM
Response to Reply #3
14. c'mon now, can't you tell an Nth dimensional chess move when you see it?
:rofl:
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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 04:35 PM
Response to Original message
4. Ah, co-chairman of the Catfood Commission
You think their non-work is just going to go down without a trace? Sure, they blew their own deadlines and never reached the consensus on any proposals that they required to make an official recommendation. But is that any reason not to rely on the commission as an excuse for cutting benefits for future retirees, raising the retirement age, and enacting the other mischievous proposals considered by the commission? It was bipartisan, you know! It had millionaires from the far right, the right and right of center wrestling with these weighty matters.

And before you ask any impertinent questions, no, the commission did not recommend raising taxes on themselves.
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hifiguy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 04:38 PM
Response to Original message
5. Simpson should have his pockets stuffed with salmon
and then get a nice day or two relaxing in the bear habitat at the nearest zoo. An ambulatory turd, this creature is.
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ParkieDem Donating Member (417 posts) Send PM | Profile | Ignore Mon May-09-11 04:43 PM
Response to Original message
6. He is partially correct ...
Social Security was never intended to be an individual's sole source of income in retirement. Rather, it was a social insurance program designed to keep people out of poverty.
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bbinacan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 05:30 PM
Response to Reply #6
7. You are correct! n/t
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shraby Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 05:36 PM
Response to Reply #6
8. And it isn't enough to be an individual's sole source of
income in retirement. If it weren't for the pensions people paid into also, they would be on poverty row with the social security as their sole source of income. Particularly the women who make less throughout their lives than men do and consequently have lower social security income.
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DURHAM D Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 05:47 PM
Response to Reply #8
11. What pensions?
The majority of retirees don't have pensions.
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shraby Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-10-11 04:11 PM
Response to Reply #11
16. That's my point. Most don't which means they are on the very
edge or into poverty.
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MichiganVote Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 05:44 PM
Response to Original message
9. And just think, our tax dollars pay this man's salary.
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deaniac21 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-09-11 06:02 PM
Response to Original message
15. AARP is an insurance company.
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