Ross Perot is back, and this time he knows HTML. I especially liked this chart, which illustrates the challenges in keeping Social Security solvent:
So in 1960 you’ve got four workers supporting each person on Social Security. Currently that ratio is down to 3 to 1. If current demographic trends continue by 2032 there will only be two workers for each Social Security recipient.
That ratio isn’t sustainable. Something’s gotta give. What makes it worse is what isn’t shown – Medicare/Medicaid. Those are uncapped entitlement programs with much higher combined liabilities than Social Security.
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“Something’s gotta give.”
Which our government will translate as “You taxpayers gotta give…us more money.”
They’ll try, especially with Social Security. At some point that no longer works. At 20% of GDP by 2056 there’ll no way to give any more.
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This country was built on the backs of the minority, now the old baby boomers retire to their beach front condos and we drive smart cars with a 45% income tax rate to support them. They win again, when the country is a minority majority we are paying them their entitlement. They used up all the oil,started global warming and now they will retire(sited to live longer than this generation!!!)This is the New World Order. This has been planned and I think the whites will leave the country right before we get nuked. Living on some secret island which looks like a cross between Gone with the Wind and some Colonial Bombay Indian Cricket Club. The only minorities will be cloned and live to remind them of the good ole days………unfair I was born in the wrong decade and the wrong color……
I agree, but I personally think the system will likely dry up sooner than 2056.