The Social Security "Crisis"

This via Kevin Hayden is brilliant. In 2037, I expect I'll probably be dead. But assuming every single person lives to at least 92 years old, here's the scenario worth thinking about.

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.

Read the whole thing for the brilliant punch line. It's short but so acutely on target.