“The rapid decline in the ratio of workers to beneficiaries in the 1970s reflected both a stagflationary economy that was not conducive to job creation and an increase in SSA beneficiaries of nearly 10 million in the decade. The freefall in the ratio since 2000 reflects an extraordinary number of new beneficiaries and a structural decline in full-time employment. These trends are not temporary; as the Baby Boom ages, the number of beneficiaries is set to rise from 57 million to 90 million. Fantasy and denial aside, there is no evidence that the forces eroding full-time employment will magically vanish in the coming decades.”
http://charleshughsmith.blogspot.com/2013/08/charting-insolvency-social-security-and.html
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Penning the Sheep for a Shearing—Capital Controls, Part 1
An open letter to marijuana prohibitionists and so-called third-way-ers
Political Savvy of Osama Bin Laden vs. US Foreign Policy Establishment
Bill Bonner: Too Much of a Good Thing, Continued…
Who Owns Congress? The NSA or the FED?
CFR Reports on Deadly Viruses That Become the Property of Sovereign Nations
The Fed Doesn't Control as Much as You Think It Does
Montgomery bus segregation was a government program
America’s Schools Transform Into Authoritarian Instruments of Compliance
John Hussman: Do the Lessons of History No Longer Apply?
The Secret History of G.I. Joe
James Grant and James Turk discuss gold, the Fed and the fiscal situation of the USA
The US and China: A Difference in Approaches
Jacob Hornberger: Replacing The Welfare-Warfare State With A Free Society
Eleven Years after 9/11, Guantánamo Is a Political Prison