The baby boomers are starting to retire and will consume an ever larger share of these entitlement programs.

Social Security is a Ponzi scheme. Paying into it paid off current recipients. When it is our turn to retire there won't be enough money to cover us all, meaning we were funding a promise that could not be paid back.

At the end of the day, we are going to have to settle for less. Less money, smaller houses, smaller cars and smaller dreams.