Social Security And Longevity Projections

(From The Ledger). It's probably expecting too much for plain common sense to quickly penetrate the debate over social security and similar Ponzi-style wealth transfer schemes in other countries - especially given our current culture of entitlement. Still, it is apparently beginning to occur to some folk that radical change is necessary - or will be forced by circumstances. Unfortunately, bureaucrats are currently producing reports that greatly underproject future increases in healthy life span due to advances in medical technology. "Experts have repeatedly asserted that life expectancy is approaching a ceiling. These experts have repeatedly been proved wrong."

Link: http://www.theledger.com/apps/pbcs.dll/article?AID=/20041231/ZNYT02/412310383

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