by Jim Quinn
This will surely end well
4th quarter market meltdown was enough to increase the total pension funding deficit by $700 BILLION can you imagine what a real market downturn would do?? pic.twitter.com/WYtJDJSG2e
— steph pomboy (@spomboy) March 7, 2019
Social Security has 10 years left under ideal circumstances. Any boomer without useful, productive children will soon be in real danger of starvation.
The Western pension system was a ponzi scheme from day one. Social Security is a generational wealth transfer, basically old people welfare. Anyone who relies on a socialist government program will eventually experience the Venezuela effect. We’ve just come full circle.