- If you have a pulse you know Social Security is a Ponzi sheme. (If you don’t have a pulse but you’re still reading blogs…apparently you’re dead and my blog is a hellish eternal torment. Sorry about that. Hope you had fun on Halloween.)
- Everyone knows that Ponzi schemes are inherently doomed. (They’re also illegal.)
- Everyone younger than a certain age knows Social Security won’t be there for them. If you didn’t know that, read and memorize the last sentence. Act accordingly. You’ve been warned.
- Thus Social Security is the rare sort of train wreck that is known decades in advance and it happens anyway.
But I am remiss. I failed to monument the year 2010 as the time when the end game began. Not that it matters. It was a done deal years ago. Many years of rudderless navel gazing procrastination made it mathematically unavoidable.
However, for the record, the year was 2010. I refer you to the Washington Post:
Note: The Washington Post requires a free login. You don’t have to bother. (I didn’t.) I’m merely using the link to officially mark the occasion.