Paul Ryan Social Security Plan Calls For Private Accounts (VIDEO)

http://www.huffingtonpost.com/2012/08/11/paul-ryan-social-security_n_1767292.html?utm_hp_ref=elections-2012



Ryan, in a March 2005 interview on C-SPAN, described his Social Security plan in detail. His bill would have allowed people under 55 to divert roughly half of their payroll taxes away from the traditional program and into a private account "owned" by the individual but managed by Social Security, and invested in stocks and bonds. But that plan did not cut any benefits, but brought such an astronomical price tag that the Bush administration called it "irresponsible."