The Republicans continue to brag about the budget plan crafted by Rep. Paul Ryan (WI-1st-Rep.). However, recent analysis shows that Rep. Paul Ryan's cuts to Social Security would be devastating to those people receiving it.
Raw Story:
A high-profile Republican budget plan would slash Social Security benefits in the long-run -- perhaps even by up to half of what they are now, the program's actuary concluded in a new study.
The Chief Actuary of Social Security analyzed a proposal from Rep. Paul Ryan (R-WI), the GOP's ranking member on the budget committee, who could become its chairman in January, and found that new entrants in the US workforce could see massive decreases in their payouts upon retirement....
"The new analysis reveals that these proposals result in benefits cuts ranging from ten percent to as high as 50 percent," Pomeroy said in a statement. "As I talk to seniors today about stretching their Social Security benefits with no cost of living adjustment in sight, they would not agree with describing cuts of this magnitude as 'modest'."...
Rep. Paul Ryan's plan, the "Roadmap to America's Future," should be renamed the "Republican Plan for Starving Seniors." In order to keep those Bush tax cuts for the rich, Republican Paul Ryan is pushing for the elderly to start sharing a can of cat food.
Daily Kos has this article, "Yes, Republicans DO want to end Social Security."