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→Present liabilities promised to Baby boomers
===Present liabilities promised to [[Baby boom]]ers===
===Present liabilities promised to [[Baby boom]]ers===
The cost of Social Security benefits that were promised to 70 million Americans of the "baby-boom" generation exceeds fifty trillion dollars ($50,000,000,000,000).<ref>http://www.usatoday.com/news/nation/2004-10-03-debt-cover_x.htm</ref><ref>http://www.usatoday.com/news/graphics/debtcalculator/flash.htm</ref><ref>http://fiscalsolvency.com/the_3_parts_of_our_fiscal_crisis.htm</ref>
The cost of Social Security benefits that were promised to 70 million Americans of the "baby-boom" generation exceeds $106 trillion dollars ($106,000,000,000,000).<ref>http://www.cnbc.com/id/38979552</ref><ref>http://www.usatoday.com/news/graphics/debtcalculator/flash.htm</ref><ref>http://www.forbes.com/2009/05/14/taxes-social-security-opinions-columnists-medicare.html</ref> To understand the magnitude of this figure by contrast, the CIA estimate the GDP of the planet (total economic output) for the year 2009 as $70 trillion.<ref>https://www.cia.gov/library/publications/the-world-factbook/geos/xx.html</ref>
===Reform===
===Reform===