There are a couple of wrinkles here. One is that -- despite the AARP's reluctant advocacy -- the prescription drug bill is a good deal for seniors (giveaways usually are). Any Medicare recipient who doesn't call 1-800-Medicare to check it out is making a mistake as a matter of sheer self-interest. The second is that the costs of the law -- originally pegged at a low-ball $400 billion over 10 years -- are spiraling higher. The program contributes to the budget deficit, which makes fixing Social Security -- which will probably require more government borrowing -- politically more difficult. The drug bill thus doubly served AARP's interest.
Behind the group's savage opposition to reform, most fundamentally, is its belief that if young people get a taste of private accounts, they might like them and want something better than a 70-year-old government program. But the AARP is actually being shortsighted. As Michael Tanner of the Cato Institute points out, what is more likely to create a revolt against Social Security is ever-higher payroll taxes funding an ever-worse deal for younger workers as they support more and more baby boomer retirees. This is precisely the AARP solution to the program's looming financial problems: Lift the cap on the amount of wages to which the payroll tax applies from $88,000 to $140,000. For the AARP, piling more taxes on people who aren't retired -- i.e., working people -- is always the best option.
Seniors tend to be opposed to change, and they don't, for understandable reasons, care about Social Security's dismal rate of return for workers who will retire decades from now. Fine. Preserve the current system for seniors, but let young workers experiment with private accounts. Who can object to that -- with the exception, of course, of a certain greedy, scaremongering, reactionary lobby group?