So what happens when the geezers can’t get collect their pensions?

Company pensions are increasingly going bankrupt, state and municipal pensions are going under, and Social Security soon will be unable to meet its obligations.

A lot of these old farts are going to have to move in with their children! Or (much more likely), they’ll have to kick out their slacker kids who have been sponging off them, crashing in their basements ’cause they can’t find a job or pay off their student loans now that they’ve graduated.

Millions of retirees, many of them highly skilled and educated, will flood the work force willing to work for starvation wages, driving salaries down even further and making it even harder for younger workers to find jobs. Those who can’t find work will stop paying their bills, causing the collapse of thousands, maybe millions of businesses.

Both the young and the old, upon learning that Social Security and Medicare have been “cancelled”, will demand an immediate refund of whatever witholding taxes they have already contributed to the system. Without social services, unemployment will mean crushing poverty, hunger, sickness and death. And there will be no jobs because capital will be fleeing the country, probably to Asia.

Banks will fail and FDIC will go broke trying to keep up. The Fed will not be able to underwrite these plans without printing money, so inflation will devastate savings, IRAs and 401Ks that survive the holocaust will plummet in value. Real estate will become worthless, interest rates will go through the roof, and the stock market will tank. Demagogues will exploit the discontent and make promises they can’t keep, fomenting class and age conflict for their own political benefit. Civil unrest is inevitable, perhaps even war, civil or foreign.

On the positive side, Medicare and Medicaid will vanish, so the problem will quickly take care of itself, through attrition. The old codgers will just die off. This will truly be no country for old men. Or poor ones.

Meanwhile, in the midst of all this chaos, the Republicans actually think they’ll be able to cash in their stock, live off their savings, and carry on in their tidy suburbs as if nothing happened.

And the 1% will still want their tax cut.