LETTER TO THE EDITOR: Ryan's budget won't help seniors
April 5, 2013 | 10:28 a.m. CDT
Rep. Paul Ryan's budget plan has passed the House and was debated in the Senate last week. His stated objective is to balance the budget in 10 years. As an advocate for seniors, I am concerned about his involving Social Security and Medicare in budget negotiations.
- Medicare: He wants to privatize for those born after 1959. They will not turn 65 for 12 years. How is making a change starting in 12 years going to balance a budget in 10 years?
- Social Security: Ryan wants to reduce benefits. But Social Security is a separate account with $2.7 trillion surplus, which earns interest lending this money to help with the deficit so we do not have to borrow more from China. How is cutting benefits going to reduce the deficit of a separate government account?
Sounds like Rep. Ryan just does not like these vital benefits to seniors which we have paid for over many years.
Martin Walsh is a member of the Missouri Alliance for Retired Americans.