Monday, December 06, 2004


The Onion | New Social Security Plan Allows Workers To Put Portion Of Earnings On Favorite Team
WASHINGTON, DC—President Bush signed an ambitious Social Security plan into law Monday that will allow citizens to bet a third of their payroll taxes on their favorite sports teams.

Under the new plan, participating citizens will be asked to list their favorite teams on their W-2 forms. At the start of each major sports season, program participants will visit their local Social Security booking offices to review point spreads and sample playoff trees. Citizens' team selections will be subject to approval by their employers, who contribute a percentage of wages to the employee Social Security Earned Benefits Fund, or "pot," under the new system.

"The risk is greater, but so are the potential payouts," said commission member U.S. Sen. Harry Reid (D-NV), who has long argued that sporting organizations have higher standards of oversight, accountability, and strategic transparency than the federal government. "Why, a Boston-area resident who placed 2 percent of his lifetime earnings on the Patriots or the Red Sox this year would have tens of thousands of dollars in his retirement fund. That's a lot of squeeze, even after taxes."

As Jon would say, "I got nothing" this morning...