Instapundit links a report on the future of Social Security, with this scary quote.
“We won’t have a crisis,” says Michael Astrue, commissioner of the Social Security Administration. “2037 is a long way off and there is no reason to panic, but this is a serious issue we need to resolve. Younger people tend to overreact.”
Okay, 2037 is 27 years away. Going the other way, 1983 is only 27 years away from today also. Does it feel that long ago?
We wouldn't be worrying about Social Security in the near future if we had looked at the numbers in the baby boom generation more in 1983.