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[Ronald]

WASHINGTON (AP) — Democrats are eagerly renewing their fight against privatizing Social Security now that Republican presidential candidate Mitt Romney has picked Paul Ryan as his running mate. It was a fight that didn't go well for the GOP when President George W. Bush pushed the idea in 2005.

In his 2010 "Road Map for America's Future," the Wisconsin congressman proposed a plan to allow younger workers to divert more than one-third of their Social Security taxes into personal accounts that they would own and could will to their heirs.

Ryan wrote that the accounts would provide workers an opportunity "to build a significant nest egg for retirement that far exceeds what the current program can provide." Workers 55 and older would stay in the current system.

Romney hasn't embraced the proposal and Ryan, chairman of the House Budget Committee, didn't include it in either of the federal budgets passed by House Republicans the past two years. But now that Ryan is running for vice president, Democrats hope to capitalize on the issue

Bush's proposal for private accounts received a chilly reception from members in both parties in Congress, though Ryan embraced it. Democrats used the issue against GOP congressional candidates in the 2006 election, when they regained control of the House and Senate.

"The very last thing we ought to be doing is putting at risk the retirement security of millions of America's seniors," said Rep. Debbie Wasserman Schultz of Florida, who heads the Democratic National Committee.

Source: http://news.yahoo.co...7--finance.html

How do you feel about having your Social Security 'privatized" This is what Romney and Ryan would like to do, among others things like take away your Medicare.

[916robert]

This is the exact reason why I am a Democrat. A liberalist who believes in entitlement programs. There is a vast number of senior citizens and disabled people in the US that depend on these two programs as a way to live. In today's economy without these programs I would hate to see what will happen to these people if Romney and Ryan are elected.

In one respect I can see what Ryan has stated you can get more from investing into various retirement plans. I can see that if you have just graduated from college or just began to work in the work force than you would beable to have more control of how your earning are going to work for you in the future inleu of social security and have your employer put your percentage of earning into a private investment fund and not social security.

Medicare should not be touched. No matter what because you need it for the future along with a secondary medical insurance policy to pay for all your medical health. Medicare plans A and B pay 80% of your medical cost. If you can afford a secondary medical insurance program then I highly recommend you buy into it. It will cover the 20% that medicare does not pay plus you get a prescription plan along with it. If you live in the US contact AARP a senior citizens group that sponsors other medical insurance companies to have secondary insurance at a lower rate than others.