Showing posts with label Social Security. Show all posts
Showing posts with label Social Security. Show all posts

Wednesday, November 20, 2013

Debate: Jason Thigpen vs Paul Ryan



The other day a friend in southeast Wisconsin sent me a reply to a letter he had written to his congressman about Social Security. His congressman is Paul Ryan. It happened just around the time Jason Thigpen had switched parties and decided to run for Congress as a Democrat instead of as a Republican-- primarily because he realized his values weren't compatible with the current bent of the GOP and fit much better with the Democratic Party. Jason's in eastern North Carolina but Ryan is such an icon of what passes for Republican thought on the budget that I asked him if he'd mind responding to Ryan's points. Here then is a former Republican analyzing his old party's basic economic agenda. And below that is Ryan's original letter. If you'd like to help Jason's grassroots campaign, he can use some net roots live here on his ActBlue page.

Fact Over Fiction: Jason Thigpen responds to letter by Paul Ryan addressing constituent concerns over Social Security reform

When first reading Paul Ryan’s response to a constituent inquiry regarding concerns for Social Security reform I felt compelled to respond with more clarity by offering more substance over form. At best I believe more facts are deserved before anyone could render a decision on a matter as important as Social Security.

Like many career politicians, Ryan has offered a slanted perspective on this issue benefiting the special interest groups who continue to support his lifelong campaign efforts against social programs, that he and his fellow multi-millionaire career politician buddies will never use themselves.

So, let’s dispel several myths Congressman Ryan would have you believe:

1.     Social Security is not an entitlement program. Rather, it’s an earned income benefit.
2.     Social Security, according to law, does not contribute to the federal deficit.
3.     Social Security is not in danger. In fact, it has a surplus of over $2.7 Trillion.

Ryan’s proposal to cut Social Security in 2012 was unpopular, where Americans overwhelmingly agreed that making such drastic cuts to programs certain to have dire consequences for all middle and working-class Americans isn’t an acceptable solution. One should ask who is lobbying Congressman Ryan to disregard the needs of his constituents for his own personal and political ambitions. Perhaps the American Legislative Exchange Council (ALEC) is assisting him with an onslaught of pre-drafted legislative bills in an attempt to undermine the very process of what representative government should truly be. They can best accomplish this by privatizing Social Security and Medicare, getting rid of minimum wages, the privatization of education, and promote fossil fuel expansion endeavors while destroying environmental regulations.

Trying to leverage such terms as “chained CPI” (chained Consumer Price Index) in hopes of endearing support from folks unaware it’s merely a ploy to reduce what many surmise of the cost-of-living-adjustments (COLAs) as being "too generous." COLAs are the annual increases, based on inflation, recipients of Social Security are supposed to receive even though COLAs have been virtually non-existent in recent years.

Even worse, I find it personally offensive Congressman Ryan would push forth legislation that would not only take away from our seniors, but would also cut the VA benefits from over 3 million veterans. He had no issue voting for the wars in Iraq and Afghanistan with no end in-site. While he was fighting calories on his P90X workout routine, I was fighting in a war on terror while serving the US Army in Iraq along with nearly 3 million other service-members whom have served in Iraq and Afghanistan. For this career politician to sit here at home pushing an agenda to keep us at war, while also systematically seeking to disparage those who have sacrificed so much to ensure the continued freedoms of our American way of life, is beyond repugnant. It’s shameful. I’d ask him, and any other elected leader sharing his views, to please come with me and truly visit some of the families and service-members who’ve lost so much in order to preserve his freedom to ravage their sorrows with such policies. I’d ask him to explain his proposal to the children of these great men and women.

But there’s no need to worry because there are viable solutions to remedy future concerns for Social Security but it’s not popular to the corporations that have no heartbeat but according to the Supreme Court, are people too.

I believe the three best solutions for resolving concerns over the future solvency of Social Security are:

1.     Congress should keep their hands off Social Security. How about a jobs bill?
2.     Raising the federal minimum wage by a modest amount, whereby more funds are paid into Social Security.
3.     Increase the cap on taxable income for Social Security from 83% to 90%, as it was during President Reagan’s administration, for incomes up to $200,000.

These are practical and reasonable solutions for addressing the future concerns of Social Security. I don't personally believe any cuts to Social Security are acceptable. My sincere hope is that we can work together to ensure Congress addresses the issues and concerns regarding Social Security for all Americans, especially those most affected by it as well as those whom have sacrificed so much for it.

And now the Ryan letter:

Thank you for contacting me regarding efforts to reform Social Security. I appreciate you taking the time to let me know your views on this important issue.

You raised some interesting and insightful points regarding Social Security. As Chairman of the House Budget Committee, one of my top priorities is to preserve the Social Security safety net and to make sure the program remains solvent for future generations. This critical program provides financial support for more than 54 million beneficiaries. However, the risk to Social Security, driven by demographic changes, is nearer at hand than most acknowledge.

One of the primary looming financial pressures facing Social Security is the aging of the American society. The "Baby Boom" generation has already started to collect their Social Security retirement benefits. As a result, there are fewer workers to support each retiree than when Social Security was created. Increasing life expectancy and the approaching retirement of more "Baby Boomers" continues to put increasing pressure on Social Security each year. Over the next several years, the number of retirees is expected to grow more rapidly than the number of individuals whose taxes will pay for future benefits. Unfortunately, Social Security faces a $9.6 trillion deficit over the next 75 years.

Social Security must be reformed to prevent severe cuts in future benefits. According to the 2013 Social Security Trustees Report, beneficiaries will face a painful 23 percent benefit cut in 2033 when the Trust Funds are exhausted.  At that time, even those who are currently on Social Security-- those now 62 and older-- may experience indiscriminate cuts in benefits at a time when they are increasingly reliant on the program.

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 budget proposal for Fiscal Year 2014 that my colleagues on the House Budget Committee and I have put forward,   The Path to   Prosperity , addresses the challenges Social Security is facing and serves as a blueprint for American renewal.

This budget strengthens Social Security by establishing a requirement that policymakers come to the table and enact common-sense reforms to keep the program solvent for current beneficiaries and makes it stronger for future generations. It would build upon President Obama's Fiscal Commission, calling on action to solve the pressing problems Social Security faces by requiring the President to put forward specific ideas on fixing Social Security. It also puts the onus on Congress to offer legislation to ensure the sustainable solvency of this critical program. Both parties must work together to chart a path forward on common-sense reforms, and this budget provides the nation's leaders with the tools to get there.

The problems facing the future of Social Security are real, and the numbers do not lie. We cannot demonize those who offer solutions if we seriously intend to tackle the inevitable solvency of Social Security. Ultimately, we cannot kick the can down the road and let another generation of retirees struggle because Congress failed to act. By addressing these issues now, we can ensure that each individual is given the resources to save for their future in the manor which they see fit. This fiscal crisis is not a Democratic problem or a Republican problem. It is an American problem, and it cannot be solved exclusively using the political ideology of either party. I welcome the long overdue debate regarding how we will leave the next generation with a better America.

I am hopeful that Congress will address the issue of Social Security reform and have a serious discussion on the problems associated with our entitlement programs. If you would like to learn more about the specific reforms proposed by The Path to Prosperity, I would encourage you to visit: http://budget.house.gov/fy2014/.

Wednesday, January 4, 2012

' Romney Worships 2011's False Idol: Paul Ryan'


John Nichols in The Nation:

Paul Ryan’s ideas reached their sell-by date in 2011, as tens of millions of Americans recognized that his proposals would permanently damage and ultimate destroy Social Security, Medicare and Medicaid.
The centerpiece of Mitt Romney’s advertising in Iowa (and New Hampshire) is an attempt to associate the candidate’s economic agenda with House Budget Committee chairman Paul Ryan’s “Roadmap for America’s Future.” (AP Photos) But as the year came to a close and his rancid schemes were starting to putrefy, Ryan suddenly found a new buyer: Mitt Romney.

Read more here.

Wednesday, December 28, 2011

Paul Ryan wins well-deserved award: Scam Artist of the Year

Madison's Capital Times does the honors:
Paul Ryan is a hustler. The Republican congressman from Janesville has gotten very good at fooling political and media elites into thinking that his schemes to steer federal money into the accounts of Wall Street speculators (by taking steps to privatize Social Security) and for-profit insurance companies (by turning Medicare and Medicaid into voucher programs) would balance budgets or in some other way improve the circumstances of working families.

But Ryan’s having a harder time fooling Americans who take fiscal matters and the future of the republic seriously.

...The fact is that millions of Americans are actively protesting against the political corruption that floods corporate cash into the campaign accounts of pliable congressmen like Paul Ryan. The American people are furious with the pay-to-play politics that has tipped the balance in Washington away from the best interests of people in communities such as Janesville and toward the special interests on Wall Street.

Paul Ryan embodies this corruption of America’s promise. He may still be able to fool the editors at Time. He may still be able to scam a headline out of the PolitiFact folks. But he is having a harder time fooling the American people. That is some of the best news to come out of 2011. But the even better news could come in 2012 — if Ryan is finally rejected by voters who have tired of being “represented” by a political scam artist who serves Wall Street rather than Main Street.

Read more here.

Thursday, November 3, 2011

'Just shoot me,' constituent tells Ryan

Poor Paul Ryan just can't win for losing.  After dodging constituents all summer, he breaks down and holds some town hall meetings, and what do they do?  Criticize his Grand Plan.
Think Progress reports:
Kenosha resident David Drath, 53, told Ryan he is a kidney transplant patient who relies on support from Medicare and Social Security. “I could not survive on the proposals in your policy,” Drath said. “If they’re put in place, you might as well put a gun to my head.”
Balloon Juice blog piles on:   
Paul Ryan was booed (again) at a town hall meeting in Kenosha, Wisconsin last week, after one of his constituents pressed him about the GOP budget. As you may recall, Paul Ryan’s Very Serious Budget would turn Medicare into a voucher program, and amounts to little more than a decimation of the programs (Medicare, Medicaid, and Social Security) on which the elderly and poor rely on to… you know… not die.
Maybe he'll get a better reception on Nov. 9 when he meets with the Tea Party at a Racine country club.

Sunday, October 9, 2011

Wednesday, October 5, 2011

Ryan wants to send seniors back to the poor farm

Dave Zweifel in the Capital Times:
When Social Security was enacted as part of Franklin D. Roosevelt’s New Deal reforms in 1935, about half of U.S. senior citizens lived in poverty. Many had to live out their lives in shameful places that people at the time called the “poor farm.” It was forever a family’s shame when during the Depression, grandma and grandpa had to go off to live in one of the county’s makeshift homes for the elderly because they couldn’t afford their own places and their children couldn’t afford to help them.

Today, fewer than 10 percent of America’s elderly live in poverty. More than 53 million Americans receive Social Security benefits to at least cover the basics of life. And as Bernie Sanders said, in the more than 75 years since, the program has never failed to pay out every nickel it owed.


Now Ryan and his compatriots want to mess with that success story. They want to begin the privatization of Social Security by turning over part of the funds that America’s working people pay into the program to Wall Street investors — yes, the same investors who have such a great track record, like blowing up the economy and requiring federal bailouts to save them.


Read more: here.

Wednesday, September 21, 2011

Ryan agrees with Perry: Social Security is a Ponzi scheme

Maybe Paul Ryan really does want to be the vice presidential candidate.  What else explains this lunacy?
On Laura Ingraham’s radio show, Rep. Paul Ryan (R-Wis.) agreed with Texas Gov. Rick Perry (R) that Social Security resembles a Ponzi scheme. “It’s not a criminal enterprise, but it is a pay as you go system where earlier investors, or say taxpayers, get a positive rate of return and the most recent investors, or taxpayers, get a negative rate of return,” said Ryan. “That’s how those schemes work." -- Washington Post.
"For being such a self-proclaimed expert on economics and finance, it is telling that Paul Ryan deliberately confuses what Bernie Madoff did to the Social Security benefits milllions of Americans have earned by the sweat of their brow," Democratic Party of Wisconsin Chair Mike Tate said Wednesday. "It looks like the author of the plan to end Medicare is creating the rhetorical conditions under which, to finance tax cuts for the super-rich, Social Security can be ended as well."

Thursday, August 11, 2011

Tea Party Induced Stock Market Crash A Paul Ryan Downgrade

Give "Capper" at Cognitive Dissidence the credit through all the other distractions for noticing the troubling relationship between the recent Tea Party/S&P driven stock market dive and Paul Ryan's scheme to shift SS payroll taxes to the highly volatile investment markets. That the markets have proven to be susceptible to congressional brinksmanship and political posturing makes it even less the infallible pillar of trust that is crucial to its existence.

Cognitive Dissidence Excerpt:

You will remember that Ryan, the Republicans' shining star, has, as a key part of his budget from hell, privatizing Social Security and allowing people to invest it in the stock market themselves [...]Even the bullheaded Ryan has to realize that only the extreme lunatic fringe would want to invest their retirement into the market right now. Read more here.

Or invest even a year or two ago. That's twice in the past three years and three times over the past ten years that stock market volatility has eaten away at modest gains. These are precisely the economic times Social Security was meant to protect vulnerable seniors from.

If I recall accurately here, Ryan's Social Security proposal guarantees recipients a return equivalent to a minimum standard SS benefit which means that during times like these, not only would participants lose hard-earned dollars to the profit-takers on Wall Street but government will also have to go into more debt and borrow to restore minimum guaranteed benefits. Under this scenario, Ryan's proposal transforms Social Security into a generous subsidy for private investment firms. But with losses like these, its participants would find themselves enrolled in little more than a welfare program.

Tuesday, June 7, 2011

Ryan's budget: Another front in the war on women

The budget proposal put forth by Paul Ryan is a vicious and cruel all-out attack on everyone under the age of 55, but the cuts to Medicare and Medicaid that the Ryan plan proposes would be felt acutely by women, who make up more than half of the beneficiaries of both programs, and women retire closer to the poverty line than men do. Women who are alone, who either never married or who are divorced or widowed and never remarried would be particularly vulnerable....

Here is the bottom line: Ryan's plan would amount to transfering the entire monthly Social Security benefit for female seniors to private health insurance companies.

The Medicare part of Ryan's plan is even worse for women, who comprise about 70% of all Medicaid clients. 

Tammy Booth, who wrote this as part of a series she's writing as a blogging fellow for the Strengthen Social Security Campaign, a coalition of more than 270 national and state organizations dedicated to preserving and strengthening Social Security, has much more.

Read it here.