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Politics : Politics for Conservatives -- Ignore unavailable to you. Want to Upgrade?

To: goldworldnet who wrote (2645)	12/27/2012 3:33:20 AM
From: unclewest	4 Recommendations Read Replies (2) \| Respond to of 125061

Today the worker to recipient ratio for Social Security is reported between a low of 2.8/1 and a high of 3.3/1. By the 2020 time frame when the last of the baby boomers start retiring it is estimated to bottom out between 2.0/1 and 2.2/1. In 1950 the ratio was over 16/1 and in 1975 it was about 3.7/1. How can 2 workers possibly pay retirement benefits and health benefits for one retiree year after year? The short answer is they can't. The population continues to increase but the retiree population is increasing much faster. The increase in retirees also represents an increase in low to non-productive citizens. The retirees pay less taxes AND draw down govt funds in several ways. The introduction of the pill in the 1960s contributes to the gap as do the increased abortions. In 2010 there were 60% more people in the age group 60-64 than in 2000. + 6,000,000 people. And a similar increase in the 55-59 year age group. + 6,000,000 people The increase in those 50-54 YO is 5 million. The retiree population continues to ramp up. And their projected life span is getting longer. There is just not enough money to go around. And neither congress nor Bernanke can fix that. This is why some think a prolonged (10-12 year) recession/depression is inevitable. In contrast, from 2,000 to 2010, the increase in those age 5 and under was 5%. + 1,000,000 I claim no expertise in this issue, but now that we are looking at the numbers, I can add and subtract.