Surpheon: HoratioGates: Our baby boomers are a demographic nightmare.Heh, they're nothing compared to the old fart boom that China is looking at - the fruit of their one-child policy.Population control is easy. Empower women, urbanize the population, provide an adequate welfare and retirement program that people aren't reliable on their children when they get old and you're done. Every first wold country is now at or below replacement birth rates (France and the US are the ones who are closest to hitting right on stable).
gibbon1: Macular Degenerate: For a Wall Street CEO, this guy completely sucks at math.No he thinks other people suck as math.Life expectancy at 65 is 17.19 years. At 70 it is 13.73 years. By raising the retirement age from 65 to 70 you cut payouts by 20%, which leaves enough money left over for the Federal government to continue borrowing from social security in order to preserve Reagan's tax cuts for people like Lloyd Blankfein. Otherwise we might have to do something drastic like eliminate the carried interest tax break*.*The carried Interest scam allows money managers to pay capital gains tax rates on their income instead of earned income tax rates.
TopoGigo: While it is technically true that we "borrow" from Social Security, it is irrelevant.
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