After supporting President Bush's controversial prescription-drug plan, the AARP is lining up on the opposite side of his latest ambitious legislative proposal: to revamp Social Security by allowing workers to divert a portion of their payroll taxes into private investment accounts. The mighty advocacy group for older Americans will launch a $5 million newspaper-ad campaign this week arguing that the plan is too risky.
It's the opening salvo in what promises to be a bitter and protracted battle. The Club for Growth, an influential advocacy group favoring smaller government and lower taxes, has raised $2 million so far toward a planned...
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