Named after economist Robert Samuelson, who, along with the Concord Coalition, is fighting the Glorious War on Social Security. It’s inspired by the Friedman Unit, named after NY Times columnist Thomas Friedman, who predicted for several years running that the “next six months” will be critical in Iraq. So what’s a Samuelson Unit?
The length of time it takes for the Social Security Trust Fund to go bankrupt. As Atrios puts it:
Well, another year and not much has changed. Last year they said Social Security could pay full scheduled benefits without any program changes until 2040, and now it’s 2041.
During the Clinton era, the Samuelson varied between 32-36 years. Are we starting to see a pattern yet? And remember, that the Bush economy isn’t exactly hot stuff. So here’s the unit conversion table for you:
1 Samuelson Unit = 68 Friedman Units = 34 years
Of all of the economic things to worry about, Social Security ain’t it (like I said).