May 10, 2011

Here's To Keeping Alan Simpson Front And Center On The Social Security "Reform" Issue!

Alan Simpson  to AARP
 From Huffington Post:
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.”

1 comment:

Anonymous said...

Unfortunately there are many people who don't understand the value of a government trust. They would rather trust thieves.