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« Trivia Tidbit of the Day: Part 523 -- Mandatory Spending Outpaces Discretionary, BIGTIME. | WILLisms.com | Trivia Tidbit of the Day: Part 524 -- Lobbying Up More Than 25% Since Republicans Lost Congress. » Social Security Reform Thursday: Part 75 -- Baby Boomers Begin Retiring.![]() 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 or so, pertinent to Social Security reform. This week's topic: They're Here, They're Old, Get Used To It. An onslaught of Baby Boomers are rapidly approaching age 65. Our fiscal house is rapidly approaching total meltdown: ![]() That's reality. Here's the data behind it: ![]() As the baby boomers age, the nation’s demographic makeup will change greatly. According to the Congressional Budget Office, the population of those who are 20 to 64 years of age is projected to grow by 11 percent, whereas the population of those who are 65 or older will grow by 50 percent. This shifting ratio means that fewer and fewer people are supporting an ever-growing population of the elderly. We really missed a chance in 2005 to do something really important for the future existence of this country, when Democrats and a handful of Republicans killed President Bush's Social Security reform. And let's be frank, here. These kinds of numbers in no uncertain terms threaten our country's ability to prosper and remain relevant.
Previous Reform Thursday graphics can be seen here: -Week One (Costs Exceed Revenues). Posted by Will Franklin · 29 January 2009 12:44 PM CommentsSocial Security is a Ponzi Scheme and it is going away! This is nothing more that the Fed Govt picking the pockets of it's citizens. Posted by: ZsaZsa at January 29, 2009 03:35 PM |