Oh no Mr. Bill we short sighted Americans are doing it again.
We can't afford pensions, we can't afford to to give our children full social security.
The fact of the matter we have to have a better pension system, we can't have every 65 year old working.
The competition between young and old will have excess people in the labor force. Excellent if you like civil unrest.
Oh I forgot to mention because of advancement in technology and competition from abroad the amount of jobs in the United States will decrease. ( Yes I know that it's been predicted since we the beginning of the industrial revolution, but eventually it will come to fruition).
I keep hearing of pension and social security time bombs. If you can have a system that those who work pay for the pension of those who don't or if in the case of public pensions and social security you can slightly raise taxes to cover the short falls.
My ranting and raving in this blog is to point the foolishness of the chicken Little's of this country who are afraid of a bomb that can be very easily handled like fire and the inability to realize that we have an unemployment bomb that can easily be thermonuclear, and it's here today.
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