The George Bush Lock Box Thread

Clodfobble · 01-13-2005, 10:12 AM

That requirement is about to go out the window when the retiring baby boomers outnumber wage earners by a substantial margin.

Tiny nitpick--the baby boomer retirees won't specifically outnumber workers. The coming crisis is because the baby-boomers will reduce the worker-to-retiree ratio to 3-to-1 (whereas when the system was started the ratio was 16-to-1.) Still a crisis in financial terms, though, and I agree with everything else you've said.

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01-13-2005, 10:12 AM	#10
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	That requirement is about to go out the window when the retiring baby boomers outnumber wage earners by a substantial margin. Tiny nitpick--the baby boomer retirees won't specifically outnumber workers. The coming crisis is because the baby-boomers will reduce the worker-to-retiree ratio to 3-to-1 (whereas when the system was started the ratio was 16-to-1.) Still a crisis in financial terms, though, and I agree with everything else you've said.

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