I was watching the TV news this morning and Varney made this statement that we are in trouble just like Japan due to our declining birth rate. He went on to mention California and how their declining birth rate and lower percentage of children is going to make for big future problems. His case sounded very logical until I noticed that Varney was a "one mover".
Oh, it is true we are going to have even more problems in the future, but the cause is not our aging population or the lower birth rates. If that isn't it, then what is the problem? The problem is that we have a social system that is one big "Ponzi" scheme. Ponzi is the right word for it. What we have is a social system based on someone else paying our bills. Who are those people? They are people yet not born, that is who. We went to the bank in China and borrowed money that we are spending today to buy steaks for our stupid voters who are going to invest the money and those steaks in the hole under the old out house. Isn't a ponzi scheme where the first investors are paid more than they put in from the payments from people who are not yet taking any money out? That is now it works.
What the lower birth rates have done is to have the affect of pulling back the curtain much like in the book, "The Wizard Of Oz". The problem is not the lower birth rate, it is the fact of what has been going on behind the curtain. The only thing about Japan as compared to the USA is that their birth rate started to decline sooner than ours. The people in Japan did not set enough money aside for the high living style that they expected when they retired. It is even worse here in the USA where we have one of the lowest savings rates in the world. This ponzi scheme was just another free lunch and anyone with any brains has known it for years. I had coffee with a guy that just had a knee replacement that cost the economy more than twice the amount of tax money that he put into the pot in his life time. You can't run a railroad like that and expect the results to be anything different than what we are now facing.
The only thing that a growing birth rate does is to mask the real problem. Think about it. Isn't that right? Here in the USA, we have it three or four times as bad as places like Japan. Think of it this way. We have the worst educated work force in the industrial world and we expect those kids to pay their own way and have some extra for those now on the dole. We also have the highest costing educational system in the world. That means we squander what little wealth that we have. Next, we have the most expensive medical system in the world yet we rank 38th in life expectancy. Just think about what a mess we would be in if by spending all this money, we ended up with the longest life expectancy. It is that bad. Finally, we have a President who does not think we have a spending problem! He wants to spend more and tax more. He wants to punish those few in our society who create jobs by getting even more money out of them.
In most systems, having just one strike against you could be enough to bring the system down, but we have several all going in the same direction, down. Do you know of any that are going the other way? I don't. What took Kodak down? One simple thing. They did not take digital photography seriously. Just that one thing. They invented "Super Glue" over 50 years ago, but I don't think you knew that. You didn't hear about Super Glue until their patents ran out and Loc-Tite started marketing it.
Next time you hear someone say that our social security problems are due to a declining birth rate or living longer, you will know that they are simple minded "one movers" who do not look back at the real cause or to the future solution. They want to get more Mexicans moving in so the birth rate will go up and pull the curtain in front of our real problem which is spending more than we produce.
