This Is Just Swell

[B]aby boomers' children and grandchildren face massive tax increases. Social Security and Medicare spending now equals 14 percent of wage and salary income, reports Bell. By 2030, using the trustees' various projections, that jumps to 26 percent. Of course, payroll taxes don't cover all the costs of Social Security and Medicare. Still, these figures provide a crude indicator of the economic burden, because costs are imposed heavily on workers via some tax (including the income tax), government borrowing (a.k.a. the deficit) and cuts in other government programs.

Thanks W...and the Republican Congress.