The Apocalypse Arrived Early
So, I first read last week sometime Social Security was going to pay out more money than was taken in this year. The carrier pigeon from the hinterlands finally arrived in New York, and the Times took notice.
Now we've been blogging about the upcoming death of SS for years. One of my standard talking points has always been a simple bit of math.
1946 + 65 = 2011
In other words, once the boomers retire the system would begin to collapse. I freely admit it's a simplistic way to drive the point home. And it was apparently too optimistic. The end is nigh a year ahead of schedule.
Let me see how this sounds:
DOOM!
DOOM!
DOOM!
It helps if you imagine James Earl Jones doing the reading.
Now we've been blogging about the upcoming death of SS for years. One of my standard talking points has always been a simple bit of math.
1946 + 65 = 2011
In other words, once the boomers retire the system would begin to collapse. I freely admit it's a simplistic way to drive the point home. And it was apparently too optimistic. The end is nigh a year ahead of schedule.
Let me see how this sounds:
DOOM!
DOOM!
DOOM!
It helps if you imagine James Earl Jones doing the reading.
Labels: gummint, money, social security
posted by T at 11:03 AM
1 Comments:
Yep...Looks like raiding the fund for wars, other handouts and giving it away to foreigners turned out to be a really brilliant move...Or not.
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