First Boomer Starts Tidal Wave on Social Security

"If this were a movie, this is when the scary music would start," David John, an economist from the Heritage Foundation, said.

Kathleen Casey-Kirschling was born New Year's Day 1946, at one second past midnight, making her the first baby of a new generation.  Today, she reached another milestone -- she became the first baby boomer to sign up to receive Social Security payments.

Raised on "Howdy Doody" and hula hoops, she danced on "American Bandstand." Her first husband served in Vietnam. And in later years, she prospered like many of her classmates -- the baby boomers.

Trouble is, 80 million others are right behind her. Casey-Kirschling is the raindrop that's about to become a tidal wave.......a tidal wave called The Perfect Labor Storm.