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Politics : Mainstream Politics and Economics
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To: Steve Lokness who wrote (14192)3/31/2012 10:18:25 PM
From: TimF  Read Replies (1) of 85487
 
I think cutting military spending in half would go to far, and also not far enough. I don't think it would be a good idea on the military side, and on the medical care side it would fall short of what we need to cover the medical care for the babyboomers.

Beyond that the problem isn't just the babyboomers. Assuming that life expectancy keeps going up, then even if we can keep medical inflation down to near the general rate of inflation (which hasn't been the case, but medical inflation has declined, and if that trend continues, then it could happen), and the Medicare age stays fixed or grows very slowly, you still have a long run problem even ignoring the demographic bulge of the baby boomers. Of course the post baby boom problem is less certain and further away, so its understandable that it isn't getting a lot of attention yet, when a big a nearly certain problem is facing us in the near future (and to a lesser degree already).
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