Baby boomers and Social Security

“NEW YORK (CNN/Money) - Federal Reserve Chairman Alan Greenspan told Congress that the mounting financial pressure of a wave of retiring baby boomers is so great that cuts in future government retirement benefits are all but inevitable.”

Well, that’s just great.

I’m on the wazoo end of being a baby boomer, just barely qualifying.

I know, baby boomers are defined as being the population explosion caused by the ending of WWII, which apparently caused massive celebrating among married couples, to the tune of a whole new generation’s being suddenly generated.

However, I define a baby boomer as someone who was born after 1945, but who remembers JFK getting shot.

I was four, and that was my first lucid memory.

Anyhoo, in 2008, 25% of our population will be 65. That’s when the benefits have to be cut, or taxes raised, according to His Greenspanness.

See where that puts Yours Truly?

I’ll have to have my taxes raised to pay Social Security benefits. I’ll pay the ever-climbing taxes until approximately 2025, when I turn 65.

By then, the benefits will likely be phased out.

That’s okay, though. I have an “ace in the hole.”

You see, I have looked into this country club prison thing.

White-collar criminals get three square meals a day, adequate recreation, a warm and/or cool place to sleep, depending on the climate, plenty of books to read, I could go on.

Sounds like a pretty nice life to me.

I’d better plan my white-collar crime soon, though.

I’m afraid there will be quite a rush in about ten years.