Social Security: “Here It Comes”
http://market-ticker.org/archives/2080-Social-Security-Here-It-Comes.html
This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more.
In a world where we talk about trillions, this doesn’t sound like much. But it’s not the amount that’s the problem - it’s the direction.
I really am amused how people throw around numbers in the billions as if it is monopoly money. Maybe that is not the best description, but you understand my point. Now we’re throwing around figures like $1,000,000,000,000 and some treat amounts like this as if it were mere “peanuts.”