* This year, for the first time in more than 20 years, the combined deficit in Social Security and Medicare will require a net transfer from the Treasury equal to almost 4 percent of federal income tax revenues.
* That figure will double in the next five years and double again in the five years after that.
* Ten years from now we will need one-in-seven income tax dollars, in addition to the payroll tax, to pay retirement benefits.
* By 2020, elderly entitlements will consume one-in-four income tax dollars and by 2030 they will consume one of every two.
* By mid-century, when today’s college students retire, we will need three-fourths of all federal income taxes to pay their retirement benefits.
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