The Hole in the Healthcare SS Doughnut
SS designed so it HAS to go broke. When it was first passed in the early 30s the life expectancy of men was 61. Congress cleverly had SS benefits kick in after we were 65 so there was no way it could bust. Now life expectancy is 81. You do the math.
1 comment:
like all ponzi schemes, the key component - the one that *always* eventually collapses the scheme (ask any madoff) is cash flow. old farts living to 110 AND actual unemployment of 16%+?
this is gonna get real ugly, real fast. naturally, it's all bush's fault.
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