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Maxed Out

September 7th, 2009 at 11:58 pm

I think I've seen this one years ago, but I watched it again tonight. Even now, I think it's unnerving when you think about the level of financial mess that we as a society are in.

I am currently watching I.O.U.S.A. Wow, the numbers they are showing in here is mind-blowing. I had no idea how severe the national debt is, especially when you consider that it's being artificially propped up by raiding the Social Security coffers. And we're already in a bad enough debt!

But, ten years from now? I'm scared to even wonder what's going to happen when the SS well runs dry! And that could be only 5 to 10 years away!

Seriously, I'm scratching my head as to how in the world SS is even going to be there for me when I retire. Seriously.

I highly recommend watching I.O.U.S.A. Please, everyone, if you haven't seen this yet, please do so. Then tell everybody else you know about it.

3 Responses to “Maxed Out”

  1. Petunia Says:

    It is mind boggling isn't it? I haven't thought about the total national debt & its implications in a while, but I remember studying it a bit in a macroeconomics class - in 1991 -and it was bad then! I don't expect SS to be there when I retire. . . but at this point I don't expect to retire either.

  2. homebody Says:

    Ugh, DH turned 51 yesterday, I will be 52 soon. SS mmm.... we are not counting on it either.

  3. boomeyers Says:

    My DH and I are planning on have NO S.S. I just hope my parents can still get it!

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