
“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:
Koch Has No Power to Coerce Anybody; That's Why He Needs Government
The Man Who Saved Russia from the Soviet Union
A Guide to Stock Splits
A Guide To Understanding the Middle East, Syria, The West and Oil
Robert Wenzel: An Examination of Key Factors in the Collapse of the Soviet Union
Vitalik Buterin on Cryptoeconomics and Markets in Everything
Pulling the Plug: Taking Delivery of Gold
State Sponsored Terrorism: Another Anniversary
The risk of taking on Syria
10 investing insights from Street Smarts by Jim Rogers
Real ID Exposed: It Is Worse Than You Think
Naomi Wolf: Britain’s Retreat from Free Speech
The Management-free Organization
Paul Craig Roberts: The Republicans Cross The Rubicon
Fred Reed: The Eye of Sauron