Rep. Paul Ryan: No Friend to Social Security


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Demand President Obama reject the Romney-Ryan plan to end Social Security, Medicare and Medicaid

 

 

 In his “Roadmap for America’s Future,” Ryan has a radical proposal to privatize      Social Security, drastically cut benefits, and raise the retirement age.   

Rep. Ryan's Roadmap

Social Security Goal
Ryan's Plan

Do not privatize Social Security

  • Allows workers age 55 or younger to invest a large portion of their Social Security taxes in the stock market.
  • Diverts $1 trillion from the Social Security Trust Fund, where benefits are guaranteed, to the casino of Wall Street.
  • Puts the government on the hook for stock market losses.

Do not cut benefits

  • Cuts benefits by 40% for middle-income workers making about $43,000.
  • Cuts benefits by 50% for middle-income workers making about $70,000.
  • Cuts benefits even more for higher-income workers.

[Estimates from the Center on Budget & Policy Priorities]

Do not raise the retirement age

  • Raises the normal retirement age to 68 by 2027, and increases it every two years so it will reach 70 later this century.
  • Raising the retirement age to 70 is about a 20% benefit cut.

 

 


View the full text of the petition here


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