The Olde Cornblog

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Thursday, March 04, 2004
Scary Numbers on Social Security
Check out George F Will's column on the
Social Security mess; some of the figures are insane:
According to Laurence J. Kotlikoff of Boston University, the present value of the gap between promised outlays and projected revenues is $51 trillion -- more than four times the nation's annual GDP. Today the household wealth of Americans -- the value of their houses, 401(k)s, cars, refrigerators, toasters, socks, everything -- is about $42 trillion.
This has been coming for a long time, but ... yeeps!

posted by DRH 3/04/2004 11:30:00 PM

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