This is a fascinating animated graph by Bill McBride at Calculated Risk. Amongst other things, it makes obvious the reasons for the current and future insolvency of the Social Security system. Way back when, before FDR, there were vastly more people of working age than of retirement age. Today, not so much. In the future, even less.
Of course there are many other repercussions of the demographic changes as well. For instance, think what it means for healthcare costs, or number of doctors needed per capita, or economic growth, or any of dozens of other topics.
Study this for a while and you'll understand a lot about the dynamics that are affecting this country. It might also make you rethink opposition to immigration (the vast majority of immigrants are under 30 years old)...
Sunday, August 18, 2013
Sex Offenders...
Instapundit notes that the slide show of child sex offenders on this page (at the end of the article's text) is dominated by women. He's wondering why schools are sometimes reluctant to hire male teachers.
Me? I'm wondering where these women were when I was in high school...
Me? I'm wondering where these women were when I was in high school...
What the Hell is Happening to My Country, Part 49,928...
The federal government now seems to be channeling the Mafia...
We thought we needed to leave California to escape big (and incompetent) government. Now I'm wondering if we were thinking broadly enough...
We thought we needed to leave California to escape big (and incompetent) government. Now I'm wondering if we were thinking broadly enough...
Quotes of the Day...
These quotes are all from a single article, and mostly what makes them notable is who said them. Read the quotes first, then click on the link to see who said them – and read the whole piece:
If Americans are worried about money in politics, there is no larger concern than the Clintons, who are cosseted in a world where rich people endlessly scratch the backs of rich people.Ouch! Who dumped on the Clintons? Hint: it's someone whom you'd expect would be leaping upon the Hillary bandwagon right about now, winding up for 2016...
I never thought I’d have to read the words Ira Magaziner again. But the man who helped Hillary torpedo her own health care plan is back.
You never hear about problems with Jimmy Carter’s foundation; he just quietly goes around the world eradicating Guinea worm disease. But Magaziner continues to be a Gyro Gearloose, the inept inventor of Donald Duck’s Duckburg.
Clintonworld is a galaxy where personal enrichment and political advancement blend seamlessly, and where a cast of jarringly familiar characters pad their pockets every which way to Sunday.
Until Harry Truman wrote his memoirs, the ex-president struggled on an Army pension of $112.56 a month. “I could never lend myself to any transaction, however respectable,” he said, “that would commercialize on the prestige and dignity of the office of the presidency.” So quaint, Packer wrote, observing, “The top of American life has become a very cozy and lucrative place, where the social capital of who you are and who you know brings unimaginable returns.”The Clintons want to do big worthy things, but they also want to squeeze money from rich people wherever they live on planet Earth, insatiably gobbling up cash for politics and charity and themselves from the same incestuous swirl.