“If the global economy slides into recession in the years ahead, as seems increasingly likely, full-time employment in the U.S. could slip to 100 million while the number of beneficiaries continues to soar by 10+ million a decade. All the official projections assume steady, strong increases in payroll taxes and full-time employment; the system’s deficits will explode higher if full-time employment sags while the number of beneficiaries increases from 57 million to 70 million and then on to 80 and 90 million. Anyone who cares about the viability of Social Security had better wake up to the widening divergence of full-time employment and SSA beneficiaries.”
http://charleshughsmith.blogspot.com/2013/08/the-trends-few-dare-discuss-social.html
Related posts:
The Gold Roller Coaster
On The Road Again: Customize Your Life with Location Independence
Governmental Travel Controls
Pot And Pregnancy: It’s Harmless, So Why Are Moms Still Prosecuted?
Bill Bonner: Zombie Nation
11 Secret Documents Americans Deserve to See
My life as a tyrant
Cash in on the Secret Sigma Strategy
Bill Bonner: When the Feds Tell You Bend Over…
Licensed to Kill: Growing Phenomenon of Police Shooting Unarmed Citizens
All Government Policies Succeed in the Long Run
Is Your Out-of-State LLC “Doing Business” in California?
An open letter to marijuana prohibitionists and so-called third-way-ers
Bill Bonner: Can This Simple Trading System “Beat the Market”?
Is the U.S. at War with Al-Qaeda?