his election a mandate, vowing to push through privatizing social security. the country not only said no to that, the country threw up a little bit in their mouth as they said no to it. the more bush talked about privatizing social security, the less popular it got. then republicans paid for it at the polls. well, that was under way, it was congressman paul ryan who was pushing an even more radical version of social security privatization. his personal savings guarantee and prosperity act of 2005 was an even more radical version of bush s privatization of social security. it went nowhere in the mid-2000s. but paul ryan managed to keep his seat in the house through the great republican congress n congressional purges that followed this era in 2006 and 2008. paul ryan also kept the idea of privatizing social security and medicare alive. in 2008, with his road map for america s future, paul ryan
the entire second george w. bush term in office was his failed effort to privatize social security. we played a clip of him after the 04 election where he got elected saying he planned on spending the capital on selling the public on the privatization of social security. paul ryan was the republican in the house pushing for the same thing. one of the things that was interesting, though, was that in paul ryan s version of it, it would cost $2 trillion in government spending costs to move social security into a privatized system. did he ever propose paying for that $2 trillion? did he think that should be deficit finance? no, i mean, it was very much the same kind of problem that we re seeing in the rest of his fiscal plan. why this guy has a reputation as a fiscal hawk is really beyond me. because absolutely, one of the things we first recognized when he trotted out the social security privatization is the transition cost of the private accounts would have precisely the effect he sug
paul ryan was the republican in the house pushing for the same thing. one of the things that was interesting, though, was that in paul ryan s version of it, it would cost $2 trillion in government spending costs to move social security into a privatized system. did he ever propose paying for that $2 trillion? did he think that should be deficit finance? no, i mean, it was very much the same kind of problem that we re seeing in the rest of his fiscal plan. why this guy has a reputation as a fiscal hawk is really beyond me. because absolutely, one of the things we first recognized when he trotted out the social security privatization is the transition cost of the private accounts would have precisely the effect he suggested and now that we re talking about medicare as we said earlier, if you re going to cut taxes to the tune of $9 plus trillion, the bush tax cuts plus the doubling down of the romney/ryan tax cuts and increase defense spending,
social security. the country not only said no to that, the country threw up a little bit in their mouth as they said no to it. the more bush talked about privatizing social security, the less popular it got. then republicans paid for it at the polls. well, that was under way, it was congressman paul ryan who was pushing an even more radical version of social security privatization. his personal savings guarantee and prosperity act of 2005 was an even more radical version of bush s privatization of social security. privatizing social security went nowhere in the 90s. exkid me, in the mid 2000s. but paul ryan managed to keep his seat in e house through the great republican congressional purges that followed this era in 2006 and 2008. paul ryan also kept the idea of privatizing social security and medicare alive. in 2008, with his road map for america s future, paul ryan resurrected the old newt gingrich plan to kill medicare
social security. the country not only said no to that, the country threw up a little bit in their mouth as they said no to it. the more bush talked about privatizing social security, the less popular it got. then republicans paid for it at the polls. well, that was under way, it was congressman paul ryan who was pushing an even more radical version of social security privatization. his personal savings guarantee and prosperity act of 2005 was an even more radical version of bush s privatization of social security. privatizing social security went nowhere in the 90s. exkid me, in the mid 2000s. but paul ryan managed to keep his seat in the house through the great republican congressional purges that followed this era in 2006 and 2008. paul ryan also kept the idea of privatizing social security and medicare alive. in 2008, with his road map for america s future, paul ryan resurrected the old newt