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

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.