He states:
Every day, 10,000 baby boomers become eligible for Social Security and
Medicare, from which they will receive, on average, $1 million of
benefits ($550,000 from the former, $450,000 from the latter). Who
expects difficult reforms from Romney, whose twists on ethanol make a
policy pretzel?
Now it is clear he does not like Romney, but as to the facts.
1. Medicare pays $11,000 per year per enrollee.
2. A man retires at 65 he lives to 82, I corrected that one. That is 17 years.
3. $11,000 times 17 is $187,000. Not the $450,000 above!
Dummy, dummy, dummy!
I wrote a White Paper on this which was picked up by the Fact Checker at the Post a few months ago, and he and I communicated on tightening up the numbers. Where is Will.
Frankly once you read that stupidity you just have to reject the rest of his writing, even if some may be correct. Wrong facts kill all other true observations.
Oh, and by the way, always remember the 3% of all the salaries the person paid into the program. Duh George Will!
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