In the vice presidential debate Thursday night, Paul Ryan seemed to indicate that a Romney-Ryan administration would support the idea of giving younger Americans the option to move their Social Security benefits into private retirement accounts.That, of course, would kill the program.
The Wisconsin congressman and House Budget Committee chairman talked up the concept when asked about his and Romney’s backing of President George W. Bush’s failed Social Security privatization plan.
“For younger people,” Ryan said. “What we said then and what I’ve always agreed is, let younger Americans have a voluntary choice of making their money work faster for them within the Social Security system. That’s not what Mitt Romney’s proposing. We say no changes for anybody 55 and above.
“And then the changes we talk about for younger people like myself is don’t increase benefit for the wealthy people as fast as anybody else, slowly raise the retirement age over time,” he said. “It wouldn’t get to the age of 70 until the year 2103, according to the actuaries.”
But it would starve the old and poor, so why the fuck not?