Saturday, March 22, 2008

As the noose tightens...

Much like global warming, (whether you believe global warming is real or not), the absolute inability of our government to deal with issues that coalesce beyond the next election cycle will come to a head more quickly than the weasels would like to think.
The next president, assuming two terms, will be the last one to preside over a net surplus in the social security "trust fund". This article lays out what that means.

Social Insecurity, Sooner Than You Think

By Allan Sloan

One of Washington's rites of spring is almost upon us. It's the wonks' version of the Cherry Blossom Festival: the release of the annual Social Security trustees' report showing the health of our nation's biggest social program. Each year, the report touches off a debate, mostly misguided, about ...

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