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Inside Paul Ryan’s Plan To Privatize Social Security
One of Rep. Paul Ryan’s many past proposals to remake the federal safety net included a sweeping plan to privatize Social Security and risk the program’s solvency in attempting to save it. He championed the idea as recently as 2010 but pushed it under the rug the following year. Mitt Romney, who recently selected Ryan to be his vice presidential nominee, is steering clear of the plan.
The proposal was in Ryan’s 2010 “Roadmap For America’s Future,” a broad blueprint to remake the federal budget which elevated the little-known congressman into the Republican Party’s visionary. It involved shifting Social Security funds to private retirement accounts as well as reducing benefits and gradually raising the age of eligibility.
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