Reply #7: They thought they could just keep kicking the can down the road [View All]

[SoCalDem]

and as people died off, the "savings" from not having to pay those benefits, combined with payments in, they could skate until the Boomer generation all died off.. We DID prepay a shitload of money into the system.

Five things did their plan in:

1) people started living a LOT longer due to improved meds & surgical techniques

2) medicare costs skyrocketed due to "managed" care coming online in a big way since the '80s

3) congress was greedier & more mathematically challenged than even they thought

4) the internet came along and made a LOT of people aware of their past, present and future plans for squandering...and made them desperate

5) our legislative intelligence has been shrinking for decades, and lobbyists /staffers are really running things