Another cog in the wheel known as the Vast Right Wing Conspiracy to combat the Extreme Left-Wing Media.

Monday, February 14, 2005

Who is Ida Mae Fuller?

Jeff Jacoby of the Boston Globe has an article dealing with the problem with the current social security system. His argument is best explained by the example of Ida Mae Fuller. Who was she? She was the first social security recipient. She retired in 1940 after having contributed $44 to the system. As if in an effort to prove the eventual insolvency of the system she lived until 1975. Read the article and see how she made out on her "investment" and then ask yourself if you think you'll do that well.

Bear in mind that when Ida Mae retired there were over 40 million people working and contributing to ensure she got her check. In a few years we will have as many people eligible for benefits as we have working. Do the math.

H/T to RightWingNews for the link.

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