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-Six -- Social Security Is A Bad Deal.
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:
Even The Mythical Version Of Social Security Could Be Much, Much Better.
Let's play the Pretend Game for a minute, how about. Let's pretend that the Social Security program will indeed be able to pay out what is currently promised to everyone, for all time. To believe that, you have to forget that Social Security begins paying out more than it takes in in about 10 years. You also have to forget that the Social Security Trust Fund (which is actually just a series of government IOUs to itself sitting in a filing cabinet in West Virginia) will become entirely depleted in 2041.
But let's pretend that Social Security will be able to meet its obligations. The returns are retched, and getting worse:
For those of us in our 20s, even the false promises of Social Security are lame.
And this really is one of the more compelling cogs in the case for Social Security reform. It's a terrible deal today.
Easily, we could make it a great deal, while simultaneously addressing the sterile issue of solvency.
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 · 16 February 2006 04:13 PM
Nice. Nothing like a solid 1.7% return on your money...
Except for every other investment type known to exist.
Posted by: Hoodlumman at February 16, 2006 04:46 PM
HA ... 1.7%
Posted by: Zsa Zsa at February 16, 2006 09:02 PM