Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Senator Simpson Attacks The Aarp


In Business This Week

SENATOR SIMPSON ATTACKS THE AARP

THE AMERICAN ASSOCIATION of Retired Persons, with 33 million members, is a lobbying gorilla that politicians haven't dared to cross. Until now. Senate Social Security Subcommittee Chairman Alan Simpson (R-Wy.) intends to investigate $86 million in federal grants the AARP received last year. The group says the money was used for such services as tax counseling for the elderly and helping low-income seniors find subsidized employment. Nonetheless, Simpson calls the AARP "33 million people united by a love of airline discounts." Rather than speaking for the elderly, Simpson believes, the AARP is running a discount travel, insurance, and pharmaceutical business. Those sorts of activities, he notes, generate more than half the organization's income. Most surprising: Simpson is up for reelection in 1996.EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus