Wednesday, August 20, 2014

Paul Ryan on Progressive Price Indexing for Social Security Benefits

Here's Rep. Paul Ryan on Bloomberg TV talking about how he would bring Social Security benefits back into line with the program's revenues: reduce the growth of benefits for retirees who had high earnings over their lifetimes. (Sorry about the sizing of the video panel on some screens; here's a link to the original: http://www.bloomberg.com/video/paul-ryan-social-security-price-indexing-best-way-to-go-hs~oHDSuSOOh03YFUW2ilg.html

4 comments:

ce8d632a-647c-11e3-94d3-000bcdcb2996 said...

You baby boomers are the most selfish generation to ever exist. You destroyed your own children's and grandchildren's future with your short-sighted selfishness and immaturity. And then you expect them to pay for your retirement????

Can you baby boomers just hurry up and drop dead, please?

WilliamLarsen said...

Well we have what appears to be an angry worker who realizes that Social Security is a ponzi scheme. How many of these young people who out number both boomers and seniors combine will start to speak up?

My generation protested the vietnam war. Now I hope we have another generation speak up before too much of their wealth is transferred to my generation or my parents. The boomers only had to make their voice heard in 1983, but they did not vote. Their parents and grandparents voted to increase the burden on future generations.

Good luck young people!!!

Arne said...

Are there really people who think life would be better if our parents dropped dead?

Perhaps William has a problem recognizing sarcasm?

WilliamLarsen said...

Arne, Actually I think seniors today and in the past were very selfish on whole, not individually. One wrote an Editorial titled "To my fellow greedy Geezers" in the wallstreet journal about 25 years ago.

Here was a chemical engineer who worked many years, but at the end realized he had not paid anywhere near enough to fund his SS-OASI benefits. He wrote a strong argument that Social Security was nothing more than a gift and that current retirees should not say they "earned it."

My position has been well established since 1973. I have always been against a ponzi scheme and Social Security is the true definition of it.

As I walk around town with my favorite "shirt" I get a lot of questions as to what it means. Generally those my age or older clearly think I am crazy. Those younger than me think I am standing up for them. For them, I offer a button. Many people recognize me in NE Indiana. Some want me to run again. They have come to see that what I said 12 years ago has come true. But it is way to late.

Good Luck.