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What makes you think that we won't be able to afford to pay for a larger number of pensioners?
I have been through the impact in the US of the baby boomer "bulge" on the social security system and on Medicare/Medicaid.  It is a problem for the US to handle this upcoming impact, and one that we should make some adjustments now, so the impact is lessened in the future.

As I look at the OECD numbers, they say that many countries have a bigger "baby boom bulge" than the US does.  So I conclude that, for example France, may have an even bigger problem than the US does.

Now, the US "can afford to pay for a larger number of pensioners".  It's just that if the problem is not addressed earlier, the impacts on the future US economy are pretty harsh.

So, I can only conclude that I am missing something about US pension/healthcare programs, that causes us to have a more significant problem than France, or other countries; or, France is more willing to pay the price later and live with the adverse consequences; or France has not looked at the impact of this in detail.  My hunch is that the first is the answer, "I am missing something about US pension/healthcare programs, that causes us to have a more significant problem than France", but I just don't know what I'm missing yet,,,,,and being curious about things, would like to find out.

Frankly I'm a little disappointed in this dialogue on my diary (not with you Jerome as I think you have taken time to thoughtfully respond).  But what I have previously normally found as ET's more thoughtful approach to problems, seems to have broken down here.  For some 80%ish of the poll takers to respond that there is not a problem, or there is no answer among the alternatives, leads me to the conclusion that people are not looking at the issue,,,,,or are taking the easy way out and attacking the message, or messanger, as someone who is a "neocon", and just wants to defend the "anglosaxon model" and attack the "socialized European systems"--whatever any of those things in quotes means.  That is certainly not my goal.  I'm here to debate and learn from the debate,,,,and my learning on this the debatge in this diary is very low.

by wchurchill on Wed Apr 5th, 2006 at 03:04:43 AM EST
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