I hope you had the chance to hear our interview with Congressman Paul Ryan on the Morning News Focus yesterday. He joined Bob to talk about his new "Roadmap for America's Future". I applaud Ryan for actually proposing that Congress take proactive steps to fix some of the problems we face today.
I'm sure Ryan will take the greatest amount of heat for the part of his plan that would allow younger workers like myself to invest a third of our Social Security savings in a government-administered investment fund--just like Congressmen can do themselves. Alarmists---like AARP will pillory Ryan for "putting Social Security funds at risk". Never mind the fact that there is no way my generation can put enough into the SSA fund to keep up with the payments that will have to be made to Baby Boomers over the next 25-years. And it would be nice if I could get better than negative one percent growth on my retirment money.
Even if we didn't go to socialized medicine, Medicare and Medicaid are threatening to overrun the economy in the future--taking up 40-percent of all government expenditures. Ryan's plan would give working families tax breaks for buying their own insurance--and would set up 95-hundred dollar Medicare payments to help seniors and the poor to go out and get their own private insurance as well. That would go a long way toward shifting some of the future health costs back into the private market and off of the taxpayers backs.
Of course, everyone else in Congress will attack Ryan's plan. It would draw the ire of every special interest group that pays for Congressional re-elections--as they roll out the tired old scare campaigns about how we can't "privatize" Social Security and how nobody can be trusted to make their own health care choices--because we all know that the government knows so much more than the rest of us. As least Ryan is trying to get us off the slippery slope that threatens to bankrupt us all.