Cheat-Seeking Missles

Thursday, March 03, 2005

AARP, Rock the Vote & Nonpartisanship

"What does Paris Hilton have in common with your grandmother?" Thus, Dan Lips of the American Properity Foundation starts his column on Rock the Vote, AARP and Social Security Reform in NRO. (here)
But is Rock the Vote actually advocating policies that are in the best interests of young people? Consider the deal the current Social Security system offers young workers: higher taxes while you work or lower benefits when you retire.

Without reform, a 30-year-old worker today should expect a 27-percent benefit cut at their retirement party in 2042. This is despite the fact that one out of every eight dollars he or she earns over a half-century in the workforce will be paid into the Social Security.