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Social Security Panic....again

Just in time for another attempt to privatise social security.

Federal Reserve chairman Ben S. Bernanke said the U S government may face a "fiscal crisis" in the coming decades if it fails to deal with the rising costs of retirement and medical benefits for the aging population.
Under Congressional Budget Office projections, the ratio of federal debt held by the public to gross domestic product will rise to about 100 percent in 2030 and "grow exponentially after that," from about 37 percent now, Bernanke said.


There's clearly only one solution. The Logan's Run solution. It's not like most of us care about the elderly anyway. The freak us out with their obvious mortality.

By min | January 19, 2007, 9:49 AM | Liberal Outrage


At least he included Health Care costs, which are an actual concern, as opposed to Social Security which is pure fear mongering.

Privatize! Privatize! Privatize!

I've been starting to think that there might be a problem with Social Security in that there is not enough cost of living raises or differing amounts for different areas of the country. But, this might just be me talking out of my ass.*

*as usual