Thursday, February 11, 2010

The Man with the Plan

Democrats and other statists are are dumping on Rep. Paul Ryan's "Roadmap to the Future" especially because it includes ending Social Security welfare as we know it.

Ryan's plan is similar to the one proposed by Pat Toomey. Nothing would change for anyone 55 or over but it would allow younger Americans to keep and save their own money for their retirement without being burdered with onerous social security taxes the current system is going to demand if there is no reform. Plus it cuts tax rates and simplifies the tax code. There's a lot for libertarians and conservatives to like and plenty for pro-government statists to hate.

3 Comments:

Blogger Bob Bohne said...

Young people saving for their retirement? OK. Yea. That's realistic.

February 11, 2010 at 9:20 PM 
Blogger Spencerblog said...

Except it would be required. Instead of the money going to the government to spend and transfer to others. It would go into a 401K-like personal savings account.

Read the plan.

February 11, 2010 at 9:28 PM 
Blogger steve mcdonald said...

this sounds like what bush wanted. Dems refused to cooperate.

Personally, I'd rather trust Vanguard than the Federal Government to make my retirement grow.

February 12, 2010 at 8:22 AM 

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