Quoted in the NYT – tendentiously
It’s always flattering to be quoted in the New York Times, but the context looks designed to refute me—and the reporter calls me a “liberal.” Ouch.
But other advocacy groups that are pushing to preserve Social Security benefits accused AARP of effectively abandoning its core constituency.
Doug Henwood, the Brooklyn editor of a liberal business blog and Internet radio program who has written on Social Security, said AARP’s willingness to consider cuts in benefits “reads like a sign that this former lobby for the interest of older Americans has now transformed itself completely into an insurance company.” He continued, “Surely they can’t be persuaded by the merits of the arguments, since the alleged Social Security crisis is a phantom that can’t survive a serious round of fact-checking.”
The most recent estimates from the Social Security Administration, issued last month, indicate that under currrent law the program’s trust funds will be exhausted by 2036, and that $6.5 trillion in additional money will be needed over a 75-year period to pay all scheduled benefits.