3 years ago: Things to come

September 1, 2010, here on slacktivist: Things to come

In 2037, the oldest baby boomers will be 92 years old. They will have been collecting Social Security benefits in full for 27 years. Those benefit payments will have added $0 to the federal budget deficit.

In 2037, the youngest baby boomers will be 72 years old. They will have been collecting Social Security benefits in full for seven years. Those benefit payments will have added $0 to the federal budget deficit.

… In 2037, the 4.31 million Americans born in 2007 — the largest-ever generation up to that point — will be 30 years old. Congressional hand-wringers will point out that this massive baby boomlet is only 35 years from retirement. Predicting calamity in 2072, they will call for the formation of a blue-ribbon panel to consider ways of dismantling Social Security before then.

  • http://apocalypsereview.wordpress.com/ Invisible Neutrino

    Re-reading that old thread what I’m always amazed at is how people who take a sky-is-falling-in attitude to Social Security don’t seem to grasp that if Congress can take the surplus from Social Security revenues and transfer it to the general fund, money can just as easily go back the other way when Social Security is in deficit.

  • P J Evans

    Iin theory – but in practice, they never do.
    I wish they would repay money they’ve borrowed that way.