The Elusive Adult Conversation on Entitlement Reform and the Debt Threat
Rep. Paul Ryan on CNN’s The Situation Room
Thursday, September 23, 2010
Congressman Paul Ryan continues his efforts to advance an adult conversation on the urgent need to protect Social Security for current and future generations. Ryan’s efforts were met – again – with false attacks earlier today on CNN’s Situation Room in a spirited exchange with Rep. Debbie Wasserman Schultz. By pushing baseless distortions and no solutions, leading Democrats threaten to shred the critical social safety net as our crushing burden of debt explodes and our critical health and retirement security programs collapse.
Facts on Social Security and Paul Ryan’s Roadmap
Should politicians continue to cling to the unsustainable status quo, Social Security will not be able to meet its promise to our seniors, imposing painful benefit cuts on those most reliant on this critical program. Social Security continues to run annual cash deficits, with over $5 trillion in unfunded liabilities. The Social Security Administration continues to warn of across-the-board 22% benefit cuts for seniors in the heart of their retirement.
To avert this painful outcome, Congressman Paul Ryan offered an invitation for solutions – putting forward his own plan the Congressional Budget Office and the Social Security Administration’s Chief Actuaries confirmed would save Social Security, making it sustainably solvent for current and future generations. Ryan’s legislative proposal – H.R. 4529, A Roadmap for America’s Future – makes no changes to Social Security for those 55 and older, while offering future seniors the same health and retirement security options enjoyed by Members of Congress.