Quote:
Originally Posted by JohnR
We are 14-20 years too late on this, started with the Bush era and accelerated under Obama. Though Obama says we are starting to decelerate the acceleration  |
In terms of Social Security and Medicare, we are more than 20 years too late. Actuaries have been saying, for at least 40 years, that the structure of those entitlement programs could never withstand the demographic tsunami called the "Baby Boomers". This has been a slow moving train bearing down on us for 40+ years, and we didn't have the political will to step off the tracks.