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 Fifty-Five -- Insolvency One Year Earlier Than Anticipated.
Thursdays are good days for reform, because they fall between Wednesdays and Fridays. Just because the status quo'ers got their way in 2005 does not mean the problem has gone away. Indeed, it's getting worse with each passing day. Thus, Reform Thursday continues.
That's why WILLisms.com offers a chart or graph, every Thursday, pertinent to Social Security reform.
This week's topic:
The 2006 Social Security Trustees Report.
* The projected point at which tax revenues will fall below program costs comes in 2017 -- the same as the estimate in last year’s report.
In the first few Reform Thursday installments, only 15 months ago, the crisis was not expected to slam into us until 2042. Now, it's 2040. That's sooner, not later, for the our non-math-genius, head-in-the-sand, anti-reform readers.
The case for Social Security reform not only did not vanish after a year of inaction, it became more pressing. Doing nothing over the past year just cost us, as anticipated, 600 billion dollars, a number that was widely ridiculed by the status-quo-loving left last year.
Well, there you go. It happened.
The report also had many new graphs, including this one (.pdf):
In President Bush's 2006 State of the Union address, there was a telling moment:
Democrats applauded their successful obstruction of needed reform. Here is the transcript:
We must also confront the larger challenge of mandatory spending, or entitlements. This year, the first of about 78 million baby boomers turn 60, including two of my Dad's favorite people -- me and President Clinton. (Laughter.) This milestone is more than a personal crisis -- (laughter) -- it is a national challenge. The retirement of the baby boom generation will put unprecedented strains on the federal government. By 2030, spending for Social Security, Medicare and Medicaid alone will be almost 60 percent of the entire federal budget. And that will present future Congresses with impossible choices -- staggering tax increases, immense deficits, or deep cuts in every category of spending.
Let's zoom in on the most relevant parts:
"Congress did not act last year on my proposal to save Social Security --"
(DEMOCRATS applaud wildly)
"-- yet the rising cost of entitlements is a problem that is not going away."
This should be in national campaign commercials, along with other, similar moments from Democrats. It could be entitled, "If Children Were In Charge."
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 · 4 May 2006 03:14 PM
Maybe the illegal aliens should take this job of Social Security reform away from the democrats. It appears the dems won't do it no matter how much you pay them.
Posted by: Eneils Bailey at May 5, 2006 11:27 AM
EB...It is sad our children are being forced to pay into a plan that everyone knows is a lost cause!
Posted by: Zsa Zsa at May 5, 2006 01:39 PM
The costs exceed the revenue. Americans are getting older. SS is not going to heal itself. Younger Americans are being forced to pay into a retirement program that promises not to be there for them. Do we need to get cattle prods after our leaders?
Posted by: Zsa Zsa at May 5, 2006 03:55 PM