Is the man who wants to kill Social Security a good pick for Romney?
Roger47
2012/08/11 05:01:08
Paul Ryan wants to replace Social Security with a system where the big banks get to manage everyone's retirement money, instead of the safe, proven system we have had for decades. Is he a good pick?
Read More: http://downwithtyranny.blogspot.com/2010/02/paul-r...
















Ryan's plan had a great number of flaws, but you bring none of them to light. Instead of 'killing' it, 2010 Ryan's plan would have expands aspects of Social Security. When you say that he wants to kill it, you mean that he wanted someone to pay for it. Your concern is that the voters will kill the system if that ever happens.
Because of people like you, Ryan's current plans do not touch Social Security. His plan is this, if the finances of Social Security become 'unsustainable' - Washington is forced to talk about it. I kid you not.
That means that he thinks that the current 20.5 trillion dollar shortfall is sustainable. Oddly enough no one seems to ask the obvious - if 20.5 trillion in unfunded liabilities is sustainable. At what level does it become unsustainable.
People as old as 63 EXPECT to live long enough to be affected by the exhaustion of the Trust Fund. The Trustees provide scenarios when it is people who are 69.
To get to 2033, the Trustees assume that future workers will pay more in taxes, get less in benefits, while experiencing increased demands by parents who have been failed by Social Security. And you think doing nothing improves these prospects?
Hope you had a pleasant evening. How's your brother doing?
'Paging Dr Angelbaby......'
Ive actually been pretty lazy today because the past week was really busy and a little on the chaotic side.
I better rest while I can ..
Have a wonderful Sunday ~
Rest up while you can Angelbaby, I wish you a good night tonight, a great day tomorrow and for a better week than the last one.
Why even try to keep it running on the promise of diminished returns?