Quote:
Originally posted by Tyrone Slothrop
"Our society has changed in ways the founders of Social Security could not have foreseen. In today's world, people are living longer and therefore drawing benefits longer - and those benefits are scheduled to rise dramatically over the next few decades."
George W. Bush
State of the Union Address
February 2nd, 2005
"In 1934, when Franklin Roosevelt formed the Committee on Economic Security to design what was in effect the first federal safety net, the committee hired three actuaries to stargaze into the future. The actuaries predicted that the proportion of Americans over 65 -- then only 5.4 percent -- would rise to 12.65 percent in 1990, meaning that retiree costs would soar. They were just a tad high; the actual figure would be 12.49 percent."
Roger Lowenstein
New York Times Magazine
January 16th, 2005
[courtesy of TPM]
|
You're bothered by "Could not have forseen"?
In 1934 did they predict, accurately, HOW LONG they'd live?
I know it was late and it was really important for you to find another lie, but that's sort of stretching, isn't it?
