On Tue, Mar 1, 2011 at 6:51 PM, Gruss Gott <[email protected]> wrote:
> > It's a horrible situation and one that's not going to be easy to fix: By > 2025 US entitlements and debt interest will exceed our entire revenue. > That's not much more than a decade away. > > The bottom line is that we're broke. > > The current best solution I've read calls for a 53% cut in Medicare and a > 12% cut in social security: > http://www.businessinsider.com/mary-meeker-usa-inc-february-24-2011-2 > > In other words, things are only going to get worse, way worse, and we're > all > going to take a hair cut. > > We are not going to live better than our parents, and they're in for a big > shock if they're counting on Medicare and Social Security for their > retirement. > It's nice having Gruss back :) This post pretty much echoes his first post on this list many years ago....but of course the date of doom was much closer to 2011 back then. Now that it's 2011, the date of doom has been pushed back to 2025. When 2025 comes along, and America is still humming along, im sure the date will be pushed out again, and i'm sure the ultimate cause of our doom will have shifted from debt to.....who knows what. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:334785 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
