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→Present liabilities promised to Baby boomers: World Bank stats on wolrd GDP
===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 $53 trillion dollars ($53,000,000,000,000).<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> To understand the magnitude of this figure by contrast, the CIA estimates 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> The sum total of promises made to all working age adults in the U.S population is estimated at over $106 trillion,<ref>http://www.cnbc.com/id/38979552</ref><ref>http://www.forbes.com/2009/05/14/taxes-social-security-opinions-columnists-medicare.html</ref> more than one and half times the total annualized economic activity of the planet.
The cost of Social Security benefits that were promised to 70 million Americans of the "baby-boom" generation exceeds $53 trillion dollars ($53,000,000,000,000).<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> To understand the magnitude of this figure by contrast, the [[World Bank]] estimates the [[GDP]] of the planet (total economic output) for the year 2008 as $61.063 trillion.<ref>http://www.google.com/publicdata?ds=wb-wdi&met=ny_gdp_mktp_cd&idim=country:USA&dl=en&hl=en&q=gdp#met=ny_gdp_mktp_cd&tdim=true See also CIA World Fact Book [https://www.cia.gov/library/publications/the-world-factbook/geos/xx.html]</ref> The sum total of promises made to all working age adults in the U.S population is estimated at over $106 trillion,<ref>http://www.cnbc.com/id/38979552</ref><ref>http://www.forbes.com/2009/05/14/taxes-social-security-opinions-columnists-medicare.html</ref> more than one and half times the total annualized economic activity of the planet.
===Reform===
===Reform===