- The Washington Times - Saturday, December 27, 2008

ANALYSIS/OPINION:

In “Old story: Insurance premiums increase, but senior group gets its cut” (Plugged in, Dec. 22), the writer forgot to mention the mutual-fund scams. AARP gets a royalty fee, which makes the fees sky-high, and if you are the least bit sensitive to the effect of compounding investment costs, you ought to avoid it like the plague. I really got a chuckle from the Medicare drug-bill royalty via the contract with UnitedHealth Group Inc.

At this point, the people whose futures are really getting destroyed by AARP are young people. AARP is sensitive to this, though, and features adolescents in its propaganda ads to save Social Security, Medicare, etc., and maintain the status quo. I also see that Rahm Emanuel is calling for national service for young people, otherwise known as the draft. It is not enough that the pay-as-you-go entitlements championed by AARP have always been a better deal for the first-in-first-out participants and decay into insolvency as time progresses.

But if you are born today, have no fear. If you make it past all of the taxes levied on you, you can use your savings to help AARP pay off the bond debt on its headquarters palace. You also can listen to President-elect Barack Obama complain about the low savings rate.

AARP is the most dangerous organization in this country.

SAMUEL BURKEEN
Reston

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