Free Republic 4th Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $1,495
1%  
Woo hoo!! 4th qtr FReepathon is now underway!! Thank you everyone!! God bless.

Keyword: oasdi

Brevity: Headers | « Text »
  • Third-Rail Shocker (Social Security Going Bankrupt Sooner)

    01/08/2010 5:17:09 PM PST · by raptor22 · 36 replies · 1,422+ views
    Investors.com ^ | January 8, 2009 | Investor's business Daily staff
    Entitlements: While a massive health care entitlement is fashioned in secret, another one, Social Security, is running deficits decades earlier than expected. We've been kicking the can down the road. We're out of road. As Bernie Madoff found out, any Ponzi scheme depends on a continuous inflow of new cash and new customers or the ever-expanding pyramid will totter and collapse. Social Security, dependent as it was on new workers paying the expanding benefits of retirees, is about to, much sooner than expected. As Ed Morrissey over at HotAir.com reminds us, Peter Orszag, now director of the Office of Management...