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Willisms

« Trivia Tidbit of the Day: Part 893 -- Obama Still Dangerous. | WILLisms.com | Is Westboro Baptist Even Really A Real Organization? »

Social Security Reform Thursday: Part 81 -- The Shortfall Is Real. The Shortfall Is Now.

reformthursdayblue.gif

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:

The Shortfall Exists. Now.

The bipartisan duo of Robert Greenstein, executive director of the Center on Budget and Policy Priorities, and Charles Blahous, public trustee for Social Security and Medicare and former economic adviser to President George W. Bush, published a new paper for Pew on Social Security.

There is a shortfall. It's beyond time to address it. Details:

ponzischeme.gif
Continued delay in closing the projected shortfall constrains the available policy options and tends to place more of the burden of adjustment on younger generations. This is particularly true in view of the millions of baby boomers who will leave the workforce within the next several years.

In Governor Perry's new book, Fed Up!, he calls Social Security a ponzi scheme. That's exactly what it is, at its core, absent some serious reform to make it solvent.

Tune into WILLisms.com each Thursday or so for more important graphical data supporting Social Security reform.

--------------------------------

Previous Reform Thursday graphics can be seen here:

-Week One (Costs Exceed Revenues).
-Week Two (Social Security Can't Pay Promised Benefits).
-Week Three (Americans Getting Older).
-Week Three, bonus (The Templeton Curve).
-Week Four (Fewer Workers, More Retirees).
-Week Five (History of Payroll Tax Base Increases).
-Week Six (Seniors Living Longer).
-Week Six, bonus (Less Workers, More Beneficiaries).
-Week Seven (History of Payroll Tax Increases).
-Week Seven, bonus (Personal Accounts Do Achieve Solvency).
-Week Eight (Forty Year Trend Of Increasing Mandatory Spending).
-Week Nine (Diminishing Benefits Sans Reform).
-Week Ten (Elderly Dependence On Social Security).
-Week Eleven (Entitlement Spending Eating The Budget).
-Week Twelve (Benefit Comparison, Bush's Plan versus No Plan).
-Week Thirteen (Younger Americans and Lifecycle Funds).
-Week Fourteen (The Thrift Savings Plan).
-Week Fifteen (Understanding Progressive Indexing).
-Week Sixteen (The Graying of America).
-Week Seventeen (Debunking Myths).
-Week Eighteen (Debunking Myths).
-Week Nineteen (Reform Needed Sooner Rather Than Later).
-Week Twenty (Global Success With Personal Accounts).
-Week Twenty-One (GROW Accounts: Stopping The Raid).
-Week Twenty-Two (Millions of Lockboxes).
-Week Twenty-Three (Support for Ryan-DeMint).
-Week Twenty-Four (KidSave Accounts).
-Week Twenty-Five (Latinos and Social Security).
-Week Twenty-Six (AmeriSave).
-Week Twenty-Seven (Cost Of Doing Nothing).
-Week Twenty-Eight (Chile).
-Week Twenty-Nine (Entitlement Spending Out Of Control).
-Week Thirty (Reform Better Deal Than Status Quo).
-Week Thirty-One (Social Security As A Labor Cost).
-Week Thirty-Two (Social Security And Dependence On Government).
-Week Thirty-Three (Social Security, Currently A Bad Deal For African-Americans).
-Week Thirty-Four (Longer Life Expectancies Straining Social Security).
-Week Thirty-Five (Howard Dean & Salami).
-Week Thirty-Six (Growing Numbers of Beneficiaries Draining Social Security).
-Week Thirty-Seven (The Crisis Is Now).
-Week Thirty-Eight (Disability Benefits).
-Week Thirty-Nine (Broken Benefit Calculation Formula).
-Week Forty (German Social Security Disaster).
-Week Forty-One (Crumbling Pyramid Scheme).
-Week Forty-Two (Overpromising, Globally).
-Week Forty-Three (Demographic Wave).
-Week Forty-Four (The Jerk Store).
-Week Forty-Five (Defined Benefit Plans).
-Week Forty-Six (Even The Empty Promises Are A Bad Deal).
-Week Forty-Seven (Our Aging Population).
-Week Forty-Eight (The Tax Increases Required To Cover Social Security's Costs).
-Week Forty-Nine (Much Longer To Get Your Money Back From Social Security).
-Week Fifty (A Vote, At Last).
-Week Fifty-One (We Can Do Better).
-Week Fifty-Two (Socialist Security).
-Week Fifty-Three (China Has The Same Problem, Only Worse).
-Week Fifty-Four (Potential Crisis Size).
-Week Fifty-Five (The Crisis Moves Closer).
-Week Fifty-Six (Big Brother Social Security).
-Week Fifty-Seven (Personal Accounts Are Awesome).
-Week Fifty-Eight (Private Accounts and Presidential Proposals).
-Week Fifty-Nine (The False Promises Of Social Security = Unwise Investing/Saving).
-Week Sixty (Declining Rate Of Return).
-Week Sixty-One (Entitlement Spending Threatens America's Defense Capabilities).
-Week Sixty-Two (Dismal Rates Of Return Only Getting Worse).
-Week Sixty-Three (Lost Time, Growing Shortfall).
-Week Sixty-Four (Solutions & Consequences).
-Week Sixty-Five (Totalization Agreements).
-Week Sixty-Six (The 7.65% Solution).
-Week Sixty-Seven (No Reform Means The End Of Many Federal Agencies Or, More Likely, Higher Taxes).
-Week Sixty-Eight (Our Next President Faces Serious Social Security Challenges).
-Week Sixty-Nine (Taxing Social Security Benefits).
-Week Seventy (Democrats Just Want Higher Taxes).
-Week Seventy-One (Max Baucus = Thief).
-Week Seventy-Two (Social Security's Proportion Of The Federal Budget).
-Week Seventy-Three (America Becomes Junk Bonder Without Social Security Fix).
-Week Seventy-Four (Obama's Plan To Raise Social Security Taxes).
-Week Seventy-Five (The Baby Boomers Have Begun Trickling Into Retirement).
-Week Seventy-Six (Social Security Shortfall Just Around The Corner).
-Week Seventy-Seven (Personal Accounts Are Great).
-Week Seventy-Eight (Nation Of Entitlements).
-Week Seventy-Nine (Tip Of The Iceberg).
-Week Eighty (We've Gone Negatory).

Posted by Will Franklin · 11 November 2010 12:23 PM

Comments

Yay! Reform Thursday!

Posted by: b from t at November 12, 2010 05:34 AM