THE FIRST of the 80 million American baby boomers have started applying for their Social Security benefits from a system that cannot afford to pay them! In only three years, they start going on Medicare.
The government has known for decades we were going to have a mass of Americans applying for mediacre and getting their social security checks, but little has been done to adjust either system to handle it. Given life expectancies, the number of Social Security recipients in 2030 will be about 84 million and the number of people on Medicare will hit 79 million!