Willisms
Navigation

Buy WILLisms

XML Feed


Featured Entries

The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM

Iran's Sham Election In Houston.
June 20, 2005 5:36 AM

Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM

Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM

Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM

Idea Majorities Matter.
May 12, 2006 6:15 PM

Twilight Zone Economics.
Oct. 17, 2006 12:30 AM

The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM

From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM

Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM

Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM

Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM

Unions Antithetical to Liberty.
May 28, 2008 11:12 PM

Right To Work States Rock.
June 9, 2008 12:25 PM



Donate





Links

Blogroll Me!







Search



Archives

July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
December 2004




Social Security Reform Thursday.
March 13, 2008

Caption Contest: Enter Today!
Due: July 29, 2008

The Carnival Of Classiness.
Mar. 14, 2006

Quotational Therapy: Obama.
Apr. 4, 2008

Mainstream Melee: Wolfowitz.
May 19, 2007

Pundit Roundtable: Leaks.
July 9, 2006

A WILLisms.com(ic), by Ken McCracken
July 14, 2006




Credits

Powered by Movable Type 3.17
Site Design by Sekimori




WILLisms.com June 2008 Book of the Month (certified classy):











The WILLisms.com Gift Shop: Support This Site

giftshopbanner.gif











This Week's Carnival of Revolutions: carnivalbutton.gif



Carnival Home Base: homebase.gif

























Willisms

« Trivia Tidbit Of The Day: Part 72 -- Brazil's Economy. | WILLisms.com | McCain Marginally Passes Early Primary Test. »

Reform Thursday: Week Nineteen.

reformthursdayblue.gif

Thursdays are good days for reform, because they fall between Wednesdays and Fridays.

That's why WILLisms.com offers a chart or graph, every Thursday, pertinent to Social Security reform. The graphics are mostly self-explanatory, but we include commentary on some of them where and when necessary.

This week's topic:

Reform Is Needed Sooner Rather Than Later.

Social Security reform, according to some, is not an imperative or pressing issue. We have all the time in the world, they assert.

Well, take a gander at just how much more painful the adjustments to the system will be if we delay reform (.pdf):

ssreformearlier.gif
Click image for original 77 page GAO .pdf report.

Our options for reform would also become severely limited, the longer we wait. Acting sooner has the following advantages:

1. Changes could be phased in, rather than abruptly implemented, giving people time to plan for the future.

2. Changes sooner rather than later would improve America's fiscal credibility in international markets. It would represent a willingness to tackle out-of-control entitlement spending, the most significant cause of U.S. budget deficits.

3. Imagine what the infusion of otherwise stagnant and neglected capital into the world's economic engine, the U.S. free enterprise system, could do for economic growth. Instead of sitting in a filing cabinet in West Virginia, Social Security funds could fuel investment, invigorate research and development, and rejuvenate productivity, spurring greater technological advancement and stronger long-term economic growth.

4. Finally, for each day without personal accounts, younger workers are being denied the power of compound interest.


-----------------------------------------------

Previous Reform Thursday graphics can be seen here:

-Week One (Costs Exceed Revenues).
-Week Two (Social Security Can't Pay Promised Benefits).
-Week Three (Americans Getting Older).
-Week Three, bonus (The Templeton Curve).
-Week Four (Fewer Workers, More Retirees).
-Week Five (History of Payroll Tax Base Increases).
-Week Six (Seniors Living Longer).
-Week Six, bonus (Less Workers, More Beneficiaries).
-Week Seven (History of Payroll Tax Increases).
-Week Seven, bonus (Personal Accounts Do Achieve Solvency).
-Week Eight (Forty Year Trend Of Increasing Mandatory Spending).
-Week Nine (Diminishing Benefits Sans Reform).
-Week Ten (Elderly Dependence On Social Security).
-Week Eleven (Entitlement Spending Eating The Budget).
-Week Twelve (Benefit Comparison, Bush's Plan versus No Plan).
-Week Thirteen (Younger Americans and Lifecycle Funds).
-Week Fourteen (The Thrift Savings Plan).
-Week Fifteen (Understanding Progressive Indexing).
-Week Sixteen (The Graying of America).
-Week Seventeen (Debunking Myths).
-Week Eighteen (Debunking Myths).

Tune into WILLisms.com each Thursday for more important graphical data supporting Social Security reform. We'll address more myths in future installments.

Posted by Will Franklin · 9 June 2005 11:33 AM

Comments

I hope our friends over at ROCK THE VOTE read WILLisms.com today! Social Security Reform... The sooner the better for all of us!

Posted by: Zsa Zsa at June 9, 2005 12:28 PM

HELLo! I have been waiting for Social Security Reform Thursday here at WILLisms.com! SO are the donkey Dems. still up to their same old don't do anything but oppose, oppose, oppose? WILLisms.com should send Reform Thursday to our friends in Washington to get them motivated! Thanks again Will for another great Reform Thursday.

Posted by: Cindy T. at June 9, 2005 02:14 PM