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-One -- Demographics & The Failing Pyramid Scheme.
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:
Unsustainable Demographics: Social Security Pyramid Scheme.
Another week, another Democrat-obstructed reform try.
The demographics have not changed. There are less workers paying for each retiree. Over the past several decades the answer has been to raise the payroll tax rate and expand the payroll tax base. With a pyramid scheme of funding crumbling underneath itself, Social Security required higher and higher taxes. In theory, a constantly growing base of younger workers would have paid for retirees.
Sort of a forced generational pact.
But it didn't quite work out that way, as the Baby Boom gave way to falling birthrates. The Boomer generational bulge is now beginning to retire. There just aren't enough workers to feasibly support all those tens of millions of retirees.
The demographics aren't getting any better, either. And they're not going away.
The pyramid scheme is crumbling.
It's time to do something about it.
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 · 24 November 2005 09:52 AM
You hit the nail on the head!
Posted by: Zsa Zsa at November 24, 2005 07:23 PM
That is what happens when you murder 40 million future workers. The rest of us left behind have to pay the price when the Roe v. Wade and former hippie bra burners start retiring.
If Abortion is all about "pro-choice", why don't we have any damned choice in whether we play the government's ill fated pyramid scheme called Social Security?
Oregon has the right answer with assisted suicide. For every baby killed, let's just kill an old person.
Demographics and changes to our culture make Social Security unsustainable.
Posted by: Justin B at November 25, 2005 02:20 AM
I missed this over the holidays. Nice, once again. I'm still biased to week 35, though.
Posted by: Hoodlumman at November 28, 2005 09:52 PM