Into the "infinite future"

Yes, if you want to scare the hell out of people, simply claim that there will be enormous deficits for a program. A program where you take tiny losses - and sum them until the end of time. Don't believe us? Read this from the New York Times: (excerpt, emp add)

Bush Rules Out Payroll Tax Hike for Social Security

If nothing changes, trustees project a shortfall of about $11 trillion in what the government needs to pay promised benefits to the coming waves of retiring baby boomers and beyond, into what trustees called ``the infinite future.''

posted by Quiddity at 12/09/2004 05:37:00 PM