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AARP Supporting Social Security Cuts to Keep it Solvent?
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FBN’s Liz MacDonald on the AARP’s take on efforts to cut spending to Social Security.
- Duration 3:00
- Date Jun 17, 2011
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FBN’s Liz MacDonald on the AARP’s take on efforts to cut spending to Social Security.
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Now to a story that impacts millions of older Americans hey are -- looking at -- reports that is dropping its opposition to cutting Social Security.
Not a group speaking with our -- -- Elizabeth MacDonald who just happens to join us now Liz.
What are they saying -- Say they are -- supporting they've always support cuts to Social Security.
In order to keep it solvent they're saying they support cuts to benefits formulas -- support cuts.
Two benefits for future retirees.
They just say no to cuts for imminent retirees and people who are already retired -- also saying no cuts to any.
It's -- -- has any deficit talk cuts they don't want an advance so security got cuts linked to any discussion of the deficit.
And there's -- -- a private accounts remembered George W.
Bush supporter prior to grounds for and so security.
Our then fought back in -- head vigorously against that even though President Clinton supported Social Security privatized accounts.
In the ninety's until they got sidetracked by the Monica Lewinsky impeachment scandal.
But essentially killed President Bush's efforts to to go to together.
That's right you right there ran an ad saying in a if you wanna fix the sink you don't tear down the whole house but the other issue to -- The devil's in the details and -- says it supports cuts to Social Security what does it mean -- put out a statement saying it's always been in the position quote of any -- changes.
Phased in slowly over time so we're saying and by the way into does not they support quote moderate cuts.
What -- to -- security.
Would you see out of our proposals what kind of cuts would.
83 it is supported the less time so security was changed.
And those -- came out guess what over 75 years of talk about moderate they're you know -- out over 75 years.
And any congressman is gonna take that a whack to any cuts assist her to get -- so -- -- what you're saying is is this really isn't I gain changer and this isn't moving any sort of momentum in either way it's basically up a -- -- statement.
That may or may not create any sort of end result the data does he really when it when you talk -- are not covered up in the past.
You really got to get.
The details out of them and they've their very good at not giving you the details of what -- the cuts say exactly support.
And they put out a statement for example you know attacking the Wall Street Journal's front page story.
And basically in response that we got to our early and essentially date when pressed they don't give me the details of what kinds of the exact.
Cuts they would support because they don't want to risk alienating their members from -- -- -- lost 300 -- them.
Members over supporting an estimated over supporting health reform and they're under attack also from conservative Republicans.
Possibly the wanting them to lose -- taxes and status.
Because they so -- Health insurance policy -- one point four billion dollars a year I mean this is not your ordinary us lobbyists last math -- that's right.
And a hugely influential group at the polls as well Rand that's right is that why we pay attention to -- Lisbon government I love when you go after the big ones I love it thanks a lot.