March 31, 2005
Out of the mouths of babes...
I have written before about how I faal about the Ponzie scheme known as Social Security. I have gone through the data, compared it to what real life people have to do with their own finances, and have been excoriated by those on the "Progressive" Left as a scare-monger.
But the facts are, as is demonstrated by this 15 year old, the facts. He is a an example that there just yet may be some hope for the younger generation, if there are enough more like him. He cut right through the confusing charts and financial doublespeak to get to the heart of the matter, and found that the heart of Social Security should be on life support, if it is to survive for long.
Really folks, it IS simple mathmatics...when outlay exceeds income, there is a state known as bankruptcy. SS isn't there yet, but it will be if measures aren't taken, and soon. You have to remember that there is about a ten year lag time between taking action and seeing results, so saying that "SS is solvent untill "_____" is a little disengenious. This young man understands it, why do so many so called adults have so much trouble?
The adults in question are routinely supporters of authoritarianism, and their condescention far outweighs their willingness to support individual rights.
Posted by: Abnormal at March 31, 2005 04:54 AMEconomists say that the real gorilla in the closet is Medicare and I would have to agree. At least with Social Security, we have some sense of what we're dealing with. Medicare costs, on the other hand, are likely to fly into orbit--right as the boomers join the ranks of the elderly, with all their political clout.
Posted by: Karlo at April 1, 2005 07:50 PM