Paul Ryan: Social Security NOT Bankrupt

Paul Ryan admits that Social Security is not bankrupt and does NOT add to the deficit. But he wants to privatize, I mean reform it. Why? To inspire confidence in the credit markets. Huh? Since when did the credit markets elect Paul Ryan? How about inspiring confidence in people so that they know when they retire, they won't have to worry about losing all their money the next time the sotck market... [more]

Paul Ryan admits that Social Security is not bankrupt and does NOT add to the deficit. But he wants to privatize, I mean reform it. Why? To inspire confidence in the credit markets. Huh? Since when did the credit markets elect Paul Ryan? How about inspiring confidence in people so that they know when they retire, they won't have to worry about losing all their money the next time the sotck market plunges??? ------------------------------------ ThinkProgress catches Rep. Paul Ryan's incredulous response to Sen. Harry Reid's reality-based assertion that Social Security won't collapse in the next three decades. I’m boggled. That just boggles my mind.... I would argue, even though, it’s not really a driver of our debt, it’s not a significant part of our debt problems, it would build great confidence, fixing Social Security on a bipartisan basis, because it would tell not only the credit markets that Americans are getting their act together, it would buy us more time and space with them, it would show that our government’s not broken. http://www.dailykos.com/ [less]