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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (194243)	7/18/2012 12:39:20 PM
From: Steve Lokness	Read Replies (2) \| Respond to of 543572

<<<<<Of course feel free to be negative>>>>> Demographics is NOT about being negative. It is a fact and it is a fact that has nothing to do with young people being locked out of the work force. Entire books have been written about it; The Great Crash Ahead or This Time Is Different. It is all about the Baby Boomers entering retirement. This works against us in two ways; the bubble of productive workers shrink (as does the money they contribute in the form of taxes) and their needs, SS and especially health care cost go up. <<<<<But no doubt you've got your own little plan for America.>>>>> What the heck does that mean? All I'm trying to do is explain why I think that without a real soul searching look at what we face going forward - we are in deep trouble. Krugman thinks Japan's reason for failure was that they didn't stimulate enough and if they just had all would have been good in Japan. Bull! Japans demographics went against them. Remember when Japan was expected to take over the US in having the largest economy? Why didn't that happen? What a silly notion that didn't happen because they didn't stimulate enough when in fact they stimulated in a very big way! It didn't happen because their growth spurt was during the years their population was in its productive years - and now they are a country of old people. Same thing is happening here. We can ignore this and stick our heads in the sand and try to stimulate our economy back to where it will not go - or we can make the realization that we best try to make some meaningful changes to the way we are laying debt onto our kids so that we have a healthy economy in their lifetime.