The cycle will be broken
Victor at The Dead Parrot Society, has another very good post on Social Security reform, this time dealing with the moral reasons why we should undertake reform now.
His final thoughts:
At some point, the cycle WILL be broken. It may be 2005, 2025, 2050, or it may be 2075. But at some point, the cycle will almost certainly break because the intergenerational debt will continue to pile up. Demographics are working against us, and the longer we wait and let the pressures build up, the uglier that break will be.
Read the whole thing
