This is a call.......

To all those who might be intentionally or randomly reading this blog. If you were born in 1972 or after, the board of trustees of the Social Security system states that there will be no system for you to draw from. The social security trust fund is expected to be totally bankrupt.

Of course, this assumes that the American citenzry can even believe they can afford to collect on the trust fund, with $49 trillion in IOU's. In reality, the social security system will begin running deficits in about 12-13 years. This is significant for a couple of reasons:

1) our Federal budget has only been able to balance because of a surplus in the amount of payments versus withdrawals into the trust fund. If it weren't for this "new math," the marvelous balanced budgets of the late 90's, early 2000's would have been deficits to the tune of $250+ million each year.

2) we must have one of three things beginning in in 12-13 years just to be able to meet the amount of withdrawals that will occur: raise taxes, reduce benefits, or reduce the burden of the withdrawals.

It is expected that if we were to take action today, payroll transfer payments (your social security and medicare "so-called" taxes), need to increase by about 15%. If we wait 10 years, I shudder to imagine the amount of needed increase.

If you are expecting to receive the social security payments you already paid, the system must be changed and soon. Do you want to dramatically change the system, or increase the Ponzi scheme. If this is of concern to you, please vote.