In a classic episode of The Simpsons, a hungry Homer Simpson runs out of donuts and breaks into his emergency stash. But when he opens the box, it’s empty except for a note that reads: “Dear Homer, IOU one emergency donut. Signed, Homer.” Homer curses his earlier self: “Bastard! He’s always one step ahead.”
It’s easy to laugh at Homer Simpson’s folly, but America is doing the same thing with Social Security financing, and the end result won’t be amusing.