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3. Ryan's father died when Paul was only 16. Using the Social Security survivors benefits he received until his 18th birthday, he paid for his education at Miami University in Ohio, where he completed a bachelor's degree in economics and political science in 1992.
Originally posted by HangTheTraitors
Nice to know that Paul Ryan took ADVANTAGE of Social Security money to get an education YET, for those of us average Americans WHO ACTUALLY EARNED IT, he wants to make sure we dont get any of it when we desperately require it to survive when the time comes that we are too old to work any longer and need a REST from slaving our life away..
REAL SWELL GUY, eh?
edit on 12-8-2012 by HangTheTraitors because: (no reason given)
Originally posted by Carseller4
Wow, many people don't get it.
Government steals our money and we have to thank them when they give it back?
Wrong on so many levels.
Social Security provides vital financial support for more than 54 million beneficiaries. Social Security also provides critical benefits to widows and those with disabilities. Unfortunately, Social Security faces a $8.6 trillion deficit over the next 75 years. With 10,000 “Baby Boomers” turning 65 every day, it is essential that we work to preserve the programs these seniors have come to count on. As Chairman House Budget Committee, one of my top priorities is to preserve the Social Security safety net and make sure the program remains solvent for future generations...
..I believe there is a bipartisan path forward on Social Security – one that requires all parties first to acknowledge the fiscal realities of this critical program. The President’s Fiscal Commission made a positive first step by advancing solutions to ensure the solvency of Social Security.
The Commission suggested a more progressive benefit structure, with benefits for higher income workers growing more slowly than those of workers with lower incomes who are more valuable to economic shocks in retirement. It also recommended reforms that take accounts of increases in longevity, to arrest the demographic problems that are undermining Social Security’s finances.
In addition, there is bipartisan consensus that Social Security reform should provide more help to those who fall below the poverty line after retirement as part of any reform that make the program solvent. As part of a plan to strengthen the safety of that nation’s most vulnerable citizens, lower-income seniors should receive more targeted assistance than those who have had ample opportunity to save for retirement.
While certain details of the Commission’s Social Security proposals, particularly on the tax side, are of debatable merit, the Commission undoubtedly made positive steps forward on bipartisan solutions to strengthen Social Security. The House-passed budget builds upon the Commission’s work, forcing action to solve this pressing problem by requiring the President to put forward specific ideas on fixing Social Security.
In a shared call for leadership, the budget also puts the onus on Congress to offer legislation to ensure the sustainable solvency of this critical program. As Stephen Goss, Chief Actuary for the Social Security Administration, put it in a House Budget Committee hearing, “ Our Trustees and everybody who speaks on this has opined extensively about the value of acting sooner rather than later, so that we can have gradual changes phased in and we have more options if we act relatively soon.”
Originally posted by Blackmarketeer
Nice to see he got some SS survivor's benefits to help pay for his education. Otherwise he could have used what a vast majority of students use to pay for their college education, Pell Grants. Wait, what? Ryan want to strip 1-million students from access to Pell Grants and siphon 170 billion from the program? Gee, maybe that next kid who finds himself in Ryan's shoes won't be so lucky.
Originally posted by Drunkenparrot
This is from Paul Ryan's website...
His position sounds reasonable to me?
- From here.........clearly that is completely unsupportable - even the Bush Administration wouldn't support it!
The Social Security Administration concluded that the Ryan-Sununu plan would require huge increases in general budget revenue to make up the shortfall left in payroll tax revenue. Specifically, revenue would have to increase by 1.5 percent of GDP every year, an analysis by the Center for Budget and Policy Priorities found, or about $225 billion at current GDP. That’s a big honking tax hike. What’s more, under the plan, investments in the stock and bond markets would skyrocket such that by 2050, every single stock or bond in the United States would be owned by a Social Security account. This would mean that the portfolio managers at the Social Security Administration would more or less control the entire means of production in the United States.
Originally posted by Shaun9883
reply to post by stormson
Romney already paid over 33% on his money. He then invested it, and when the money he already got taxed on made him more money, he got taxed again, just at a smaller percentage (15%).