The Blog of the Frances Perkins Center

Sometimes sarcasm says it best…

In Legislation Today, Political world on February 9, 2010 at 8:07 am
Congressman Paul Ryan

Congressman Paul Ryan

Michael Lind, in today’s Salon article, The GOP’s bad old ideas, rightly skewers the suggestions of Congressman Paul Ryan, the Republican’s leader on the House Budget Committee, regarding Social Security:

In domestic policy, Paul Ryan, R-Wis., the ranking Republican on the House Budget Committee, recently unveiled an alternative budget that would deal with the long-term deficit problem (about half of which was caused by Bush’s and the Republican Congress’s wars and tax cuts) by privatizing Social Security and turning Medicare into a voucher system.

As Michael Myers’ Doctor Evil might say: …….R….r……r…..right.

That’s what Americans are demanding, Rep. Ryan. Millions of Americans are not content to have lost much or all of their 401K and other private retirement savings in the stock market in the last decade, with nothing but Social Security remaining to rescue them in their retirement years. No, Americans are angry because they weren’t allowed to lose all of their Social Security money, as well, in the stock market. Clearly they are angry because Wall Street brokers aren’t able to rake in commissions from middle-class and working-class retirees by flipping stocks bought with diverted Social Security funds. The bailouts to Wall Street were not enough. We need to give the rent-seeking bankers the vast funds of Social Security as well and let them charge us fees for “managing” it with the legendary expertise we all know and admire.

I hope Ryan isn’t previewing the Republicans’ position on Social Security reform. I can’t believe this stand would be good for their party. I know it wouldn’t be good for the country.

  1. This in from the CBS News blog, Political Hotsheet;contentBody:

    Ryan, who has offered up what President Obama has suggested is a flawed but “serious” budget proposal, is currently at the center of an effort by Democrats to force Republicans into an uncomfortable vote. As TPM reports, House Democrats are planning to use Ryan’s proposal as a basis for forcing a vote on privatizing Social Security.

    The proposed resolution “expresses the will of House Democrats to preserve Social Security and reaffirms our commitment to working in a bipartisan way to make common sense adjustments to strengthen the program for generations to come.”

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