Monday, October 25, 2010

French (and USA) Entitlement Insanity

French Entitlement Babies violently reject retirement at 62:
H/T to Chris at Boulder is a Stoopid Place.

I submit that -- if FDR were alive today -- he would set the retirement age at somewhere ABOVE age 84. Here’s why:

FDR signed Social Security into law in 1935. At that time, Social Security “benefits” were set to begin at the age of 65. In 1930 (five years before Social Security was signed into law), the average life expectancy was 59.2.

In 2003 (seven years ago), the average life expectancy was 77.5. So, the most likely retirement age which FDR might support today would be something HIGHER than age 84 (do the math).

Click here for source data on life expectancy.

The data suggest that even the uber-Socialist FDR would not support the current incredibly extreme (and outright suicidal) level of entitlement expectations in the USA, much less France.

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