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
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
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Social Security Reform Thursday: Week Forty -- German Social Security Disaster.
Thursdays are good days for reform, because they fall between Wednesdays and Fridays. And reform is a long-haul process, not a fleeting event. So we're going to keep plugging along with the case for reform, even as the issue goes off the political radar screen.
That's why WILLisms.com offers a chart or graph, every Thursday, pertinent to Social Security reform.
This week's topic:
German Disaster: Where We're Heading.
Germany's economy is in very real trouble, drowning in a sea of socialism. Its Social Security system is, in large part, to blame. If we don't fix ours A.S.A.P., we could end up the same way.
Check out the German equivalent of the American payroll tax rate:
Now, notice the rise of public debt in Germany:
It would be a cop-out to focus on German reunification too much here. Look at the trends before 1991. Already unhealthy.
Now, notice the rise of unemployment (not rate, but numbers of people):
And it has only gotten worse over the past two years, reaching above 5 million earlier this year.
And there's no relief in sight for Germany. Social Security already consumes an inordinate amount of Germany's GDP, and the projections don't look good:
Germany will increase its social security spending by 50 percent between now and 2017, the Financial Times Deutschland reports....
Something to look forward to here in America, sans Social Security reform.
Interesting is the fact that Social Security's pay-as-you-go pyramid scheme is a Prussian invention. Otto von Bismarck came up with that one.
Way to go, Otto. Classy move.
It's time for reform.
The clock is ticking.
Previous Reform Thursday graphics can be seen here:
-Week One (Costs Exceed Revenues).
Tune into WILLisms.com each Thursday for more important graphical data supporting Social Security reform.
Posted by Will Franklin · 10 November 2005 11:37 AM
Wow, very spiffy graphics.
Posted by: Ken McCracken at November 10, 2005 11:52 AM
Are there people in Germany actively trying to head off their huge looming problems or are they like us here - just delaying until it's too late and the problem collapses on itself.
It's one thing to have the problem here in the US - there's a big problem and we can see it way off in the distance.
In Germany they have a huge entitlement problem plus twice the unemployment rate. It's an economic nightmare.
Posted by: Hoodlumman at November 10, 2005 03:26 PM
Somehow I am reminded of the Howard Dean Salami week... Only this has a german sausage kind of ring to it!
Posted by: Zsa Zsa at November 11, 2005 07:01 AM