Joe Economist
Council Member
Paul Ryan's plan if you have read it actually increases the size of Social Security for today's retirees. His plan comes with a guarantee that is not currently available for beneficiaries. The problem with his plan is that overtime it reduces those benefits for people in or out of Social Security.Not all employers would pay you 7% if not required by law, so you probaly would only have your 7%, and if you have shit happen in your life, that 7% could be gone,gone,gone. With SS you dont have to worry about losing it as long as Paul Ryan and the teabaggers do not get control of it.
In other words, he is creating the free-risk in equities that created the housing bubble.