Democrats Go After Ryan On Social Security Privitization

Posted by | August 19, 2012 11:27 | Filed under: Top Stories

In 2010 Paul Ryan pushed for allowing younger Americans to divert more than a third of their Social Security contributions to personal accounts. When George W. Bush wanted to do the same, it didn’t go well for Republicans.

Ryan wrote that the accounts would provide workers an opportunity “to build a significant nest egg for retirement that far exceeds what the current program can provide.” Workers 55 and older would stay in the current system.

Romney hasn’t embraced the proposal and Ryan, chairman of the House Budget Committee, didn’t include it in either of the federal budgets passed by House Republicans the past two years…

Bush’s proposal for private accounts received a chilly reception from members in both parties in Congress, though Ryan embraced it…

“The very last thing we ought to be doing is putting at risk the retirement security of millions of America’s seniors,” said Rep. Debbie Wasserman Schultz of Florida, who heads the Democratic National Committee.

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Copyright 2012 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

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