Today, I attended a luncheon at Portland's CityClub. I found it to be an excellent place to meet people who are active in the Portland community and a great place to discuss policies, etc.
The speaker today was the AARP's president, Marie Smith. Ms. Smith spoke for approximately 45 minutes and took 20 minutes of questions. Unfortunately, although a good speaker, she really didn't answer any questions, other than the ones she wanted to.
Ms. Smith said that private accounts as a portion of the social security system were risky and a gamble, compared to the "guaranteed" benefits of social security. She seemed to be concerned about deficits, except when someone mentioned the AARP's support of the Medicare prescription drug benefit (or the siginficantly larger unfunded liablity within the Medicare system).
More later...
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