[…] The nation’s “first” baby boomer, a retired teacher from New Jersey, applied for Social Security benefits Monday, signaling the start of an expected avalanche of applications from the post World War II generation.
Social Security Commissioner Michael Astrue called it “America’s silver tsunami.”
[…] An estimated 10,000 people a day will become eligible for Social Security benefits over the next two decades, Astrue said. The Social Security trust fund, if left alone, is projected to go broke in 2041.
But Astrue said he is optimistic that Congress will address the issue, perhaps after the 2008 presidential election. President Bush had proposed changes in Social Security to create private accounts, but the proposal went nowhere in Congress. […]
“he is optimistic that Congress will address the issue, perhaps after the 2008 presidential election.”
In other words, after there are no Republicans left in positions of power?</sarcasm>