Wednesday, April 06, 2011


In the New York Times editorial that is critical of Paul Ryan's budget proposal, we read:
The blueprint does not call for any specific changes to Social Security, but, without explanation, it assumes a reduction of $1 trillion over 10 years in the program’s surplus. That would weaken the program by hastening the insolvency of Social Security.
What is that? A plan to dishonor $1 trillion in bonds held by the Social Security Trust? It will be worthwhile to examine this part of Ryan's proposal.


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