View Single Post
  #3  
Old April 30th 07, 01:12 AM posted to rec.aviation.piloting
Jose
external usenet poster
 
Posts: 897
Default NY Times Story on Pilot Population Decline

The way I understand it, Congress has used the money generated by SSI
payments to fund other federal spending. And now government is faced
with the issue of a shortfall in funding SSI recipients as a result of
the "baby-boom" bulge in the retirement aged population.


Also, when SSI started, there were a huge number of wage earners who
were being tapped to pay for the retirements of a small number of
workers. This spread the burden around very thinly. The pyramid has
inverted.

Jose
--
Get high on gasoline: fly an airplane.
for Email, make the obvious change in the address.