Saturday, October 15, 2011

SS to turn negative in 2015

From http://www.zerohedge.com/contributed/social-security-bernanke-%E2%80%93-%E2%80%9Cyou%E2%80%99re-killing-us%E2%80%9D

"One very possible outcome is that 2013 and 2014 will bring (more or less) what we have in 2011/12. AKA Stagflation. Ladies and Gentleman that would be an unmitigated disaster. Should we have more years of stagflation, the net surpluses (includes % income) at SS would fall to zero in 2014 and be negative in 2015. Once that line is crossed, it rapidly collapses. It's nearly impossible to reverse."

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