In other words, with or without the trust fund, when the expenses of Social Security and Medicare exceed the value of our contributions, our budget is suddenly going to have more holes than a warehouse full of Jarlsberg. And when does this happen? According to the Social Security trustees, Medicare’s expenses start to exceed benefits in 2013, less than ten years from now. Social Security follows suit in 2017. 2040 isn’t the date when we need to start worrying; it’s the date when we finally give up pretending that Social Security is anything other than a gigantic Ponzi scheme, and the suckers revolt. . . .
And what are our elected officials doing about this looming crisis? Why, with the able assistance of groups like the AARP, they’re actively looking for ways to make it worse.
I ain’t gonna eat no government cheese.
For one thing, there won’t be any left by the time I’m of age. . . .
UPDATE: Here’s a related post by Steve Verdon.