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Tuesday, March 06, 2007

Boomer retirement to accelerate national decline

It's doesn't get much ink or air time. It's not a sexy issue, like terrorism, though it's probably just as great a threat to the country's future well-being. The Soviet Union, it's worth recalling, was never defeated militarily; it went bankrupt. The British empire also went belly- up financially, exhausted by two wars and social welfare programs that brought the country to the brink of bankruptcy until Margaret Thatcher reversed the downward slide. Ditto old Rome; once it could no longer pay its barbarian mercenaries, they sacked the place. It's a sobering history.

So why aren't we doing something to avoid this dire fate? Be cause it's not yet on our doorstep. It's still the can American politicians, in a bipartisan piece of political malfeasance, kick down the road to the next generation of would-be leaders. But not much longer.

"Our Falling Standard of Living Should Be the Issue"
Newark Star-Ledger (New Jersey)

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