Social Security, or Social Necessity?

December 17th, 2010
by Portico Wealth Advisors

With the recent tax cut extensions and payroll tax freezes, our national debt could easily increase by $1T over the next few years.  As troubling as that may sound in isolation, the even more dubious news is that the hole left by this “shadow spending” will almost certainly be filled with dollars slated for future Social Security benefits.

Just exactly what does this mean for the retirees of tomorrow?  For some insight on the potential impact of these tax cuts as well as how difficult it may be for the United States to digest the proverbial “pig in the python” that is the Baby Boom generation, read the following: