Wisconsin Counterprotest This Thursday and Friday

Personal Accounts Save Social Security

U.S. Rep. Paul Ryan Knows It: Tell AARP that you do, too.

This Thursday and Friday AARP and Big Labor will be protesting Congress’ leading proponent of Social Security reform, Congressman Paul Ryan.

Unfortunately, AARP and Big Labor don’t have a plan to save Social Security and have offered nothing but scare-tactics and hypocrisy to the debate. Ironically, the majority of AARP members believe personal retirement accounts are a good idea. According to a recent poll (cite: conducted by Ayres, McHenry & Associates) 61% of self-identifying AARP members said they believed voluntary personal retirement accounts for workers under age 55 would be a “good idea” as long as nothing changes for current retiree’s – this is EXACTLY what Rep. Ryan’s and President Bush’s plan states.

Moreover, AARP claims that it’s too risky for people to invest their own retirement money. At the same time, they promote mutual fund options to their members and offer 401(k) funds to their employees. Further, some of the largest pension funds in America today are public employee and union pension funds.

According to the Federal Reserve Board, public employee pension plans alone had nearly $2 trillion in assets as of September 2004. Overall, 54.8 percent of these assets were invested in corporate equities, 36.1 percent were invested in fixed income instruments (such as corporate and foreign bonds), with the remaining funds in cash or other investments. (www.taxfoundation.org)

Join FreedomWorks as we send our message to AARP and the other forces of the left:

Personal Accounts Save Social Security!!

On Thursday we will be in Kenosha, outside Rep. Paul Ryan’s district office (5712 7th Avenue) at noon.

Please call Cameron Sholty with Wisconsin FreedomWorks at (414) 899-9112 or e-mail him at csholty@freedomworks.org if you can join us as we fight for Personal Retirement Accounts and tell the AARP and the unions to “make it better.”