Social Security: House Minority Leader Raises Renewed Privatization Fears
Social Security: House Minority Leader Raises Renewed Privatization Fears
House Minority Leader John Boehner (R-OH) stated this week that he is unsure whether the Republican Party will revive their 2005 movement to privatize Social Security. Recently, Rep. Paul Ryan (R-WI), a member of the president’s Fiscal Commission on addressing the national debt, released a budget blueprint that included dramatic cuts to Medicare and Social Security before effectively privatizing both systems. Boehner has distanced himself from Ryan’s blueprint without mentioning where he stands, leaving many advocates for seniors uneasy about the fate of these programs should Republicans return to power. “Representatives Ryan and Boehner must not have seen what I saw when we put unbridled faith in the markets and Wall Street,” said Barbara J. Easterling, President of the Alliance. “We need to continue our work to protect Social Security. It is a valuable lifeline which has kept millions of retirees out of poverty.”
