Driving, home from work this morning NPR reported that starting at 12am January 1st, 2011 (less then 18 hours from now) a baby boomer will become eligible for Social Security & Medicare every 8 seconds.
That same news half hour the BBC reported that a new study revealed that 1/5th of UK citizens are expected to live to 100 years old. And this has the government in a panic because at 65 all Brits are guaranteed a state pension, and less then half of current workers over 50 have any private retirement savings.
My point this morning is yes, the US (& Western Europe as a whole) needs to implement a Paul Ryan style road map, immediately. But even more then that, our culture simply must move away from the entire premise of government central planning as the means of providing life's essentials.
No matter how well intentioned, it simply can not work long term.
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