I’ve invented a new unit of time, the Samuelson Unit, which is the length of time required for the Social Security system to become ‘bankrupt.’ Oddly enough, Social Security is always DOOMED roughly 34 years from the time of the estimate. In other words, Social Security is doing fine, and will continue to be solvent. Today, the NY Times had a pretty picture illustrating the Samuelson Unit in its full glory*:
Notice that the estimate every year has been that Social Security will be unable to meet its benefits 30-38 years out…for the last fourteen years. Got it? I loves me my Samuelson Unit**.
*You people are sick. I’m not referring to his equatorial regions.
**Again, you people are sick.