[snopercod]

BOHICA. The federal pension guarantee "fund" is similar to the social security fund. There isn't anything in it other than a claim on the U.S. taxpayer.

[mondoman]

Unless the Congress and the President get serious about Entitlement Reform, our kids are going to face massive taxes in their lifetimes supporting us.

Social Security and BOHICA will go down the drain. I imagine the Stock Market will also be adversely valued as Baby Boomers begin to shift assets from growth to income investments and draw down their capital.