Bubble
News
• U.S. auto sales have plummeted…
Below, you can see that U.S. auto sales have nosedived this year.
Pension Crisis In U.S. and Globally Is Unavoidable
One of the primary problems continues to be the decline in the ratio of workers per retiree as retirees are living longer (increasing the relative number of retirees), and lower birth rates (decreasing the relative number of workers.) However, this “support ratio” is not only declining in the U.S. but also in much of the developed world. This is due to two demographic factors: increased life expectancy coupled with a fixed retirement age, and a decrease in the fertility rate.
It’s an unsolvable problem. It will happen. And it will devastate many Americans.
As George Will recently wrote:
“The problems of state and local pensions are cumulatively huge. The problems of Social Security and Medicare are each huge, but in 2016 neither candidate addressed them, and today’s White House chief of staff vows that the administration will not ‘meddle’ with either program.
Demography, however, is destiny for entitlements, so arithmetic will do the meddling.”
The
Propaganda
War
DYI: Good Lord!?….The fox is guarding the hen
house!
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